At present, TASDEER provides two types of export credit guarantees to protect Qatari exporters against risks imposed by overseas buyers, namely risk cover before consignment and risk cover after consignment.
These two products protect exporters against commercial and political risks and allow them to submit claims in the event of non payment and receive their revenues. Exporters are highly advised to hold these two guarantees when dealing with new buyers and while engaging in foreign trade in high risk countries.
These products relieve companies of the burden of maintaining additional capital for export financing.
Risk cover before consignment
Risk cover before consignment protects Qatar exporters against loss of produce (direct or indirect), or when an order is cancelled before the goods are shipped. Exporters producing custom-made products that may not be resalable, especially when production may be discontinued due to political or a commercial risks, should seriously consider taking up risk cover before consignment.
The guarantee covers 90% of the value of goods. Claims must be submitted within two months of receiving notification of the loss, providing all the necessary documents are in order when submitting the claim.
Please click here to download TASDEER Risk cover pre shipment leaflet
Risk cover after consignment
Risk cover after consignment protects against the risk of an overseas buyer failing to pay for goods received on credit. This coverage is intended to protect transactions with repayment terms not exceeding 24 months, and mainly includes the supply of consumer goods, raw materials, semi-finished goods and spare parts.
Similar to the risk cover before consignment, the guarantee covers 90% of the value of goods. Claims can be made within two months of lodgement, providing all the necessary documents are in order when submitting the claim.
Please click here to download TASDEER Risk cover post shipment leaflet
Please click here to download TASDEER Risk cover before consignment / Risk cover after consignment Application Form