Don't worry about not making collections, secure your income with the Loan Insurance.
With the Loan Insurance, you can have coverage for your export and domestic receivables in the case that they cannot be collected due to causes arising from the buyers.
You can purchase the Loan Insurance from the nearest Garanti Branch.
*While Eureko Insurance reserves the right to re-evaluate insurance agreements annually, policies will be renewed for every year at the end of the period upon customer request.
** The Liability Package Insurance is offered by Eureko Sigorta A.Ş.
With the Loan Insurance, you can secure both your domestic and your international loan payments.
This policy provides coverage for receivables arising from the forward sales of goods and services up to 180 days to buyers in countries that coverage is provided within the limits of the loan. As the policy is global, all shipments to buyers in the countries approved for coverage within the policy period up to the previously specified limits are included in the coverage, without the need to issue separate documents or collateral.
The policy provides coverage for receivables against the risk of bankruptcy or non-payment of the buyers abroad, or similar commercial risks, political risks and non-payment of government buyers. In the domestic loan insurance, coverage is provided against commercial risks only.
The coverage starts with the delivery of the goods to be exported to the freight company by the exporting company. After this point, unwanted goods by the buyer are also included in the coverage. In the domestic loan insurance, the coverage starts with the delivery of the goods.