Titlebook: Export Credit Insurance and Guarantees; A Practitioner‘s Gui Zlatko Salcic Book 2014 Palgrave Macmillan, a division of Macmillan Publishers

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Foreign Contente foreign content is significant for exporters and banks when obtaining the ECA cover since they have to satisfy the requirements ECAs have in this respect. It is important to distinguish the term ‘foreign content’ from the term ‘local cost’ because foreign content is not internationally regulated w

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CurrencyUS dollar, euro, Japanese yen, British pound and Swiss franc. These currencies are also called hard currencies. Payment in other currencies such as the currency of the country of export may be agreed upon if the currency is stable and acceptable to both contractual parties. However, the exchange rat

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Security for Payment of Credits Covered by ECAsbuyers also know the importance of security and are often willing to provide security for payment of their credits. In most export credit transactions, security is provided in the form of a non-possessory pledge over the asset purchased on credit terms, but it can come in other forms and in other as

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Reinsurancesurance. The second insurer is liable solely to the primary insurer and the primary insurer is liable to the insured and handles all matters prior or subsequent to loss. In a reinsurance contract the primary insurer is called the insurer and the second insurer is called the reinsurer. A reinsurance

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