|
|
The government established the Foreign Trade Risks Insurance Corporation
in order to provide, along with private companies, essential insurance,
guarantees and assistance in doing business efficiently. The objective of
these services is to protect the exporter against the risk of non-payment by
customers abroad.
|
|
|
The Company supplies exporters with professional information on the credit
worthiness of customers abroad. In addition, it assists exporters to obtain
financing for transactions, through the transfer of insurance policies to
banks or by issuing guarantees directly to the banks.
|
|
|
The risks covered by the Company include:
|
|
|
|
|
|
|
|
Commercial risks arising from bankruptcy of the
customer or non-payment
for longer than six months from the agreed payment date on condition that
there were no complaints from the customer.
|
|
|
Political-economic risks as a result of war,
revolution or civil disorder;
late or non-payment as a result of a shortage in foreign currency
reserves or other constraints; and cancellation of the importer's license
or
the imposition of trade barriers once the goods have already been
shipped.
|
|
|
|
In addition to general insurance policies, the Company
also issues specific policies
for the supply of investment goods, services, subcontracting work and
equipment
and investment abroad.
|
|
For further information:
|
|
|
|
|
|
The Israel Foreign Trade Risks Insurance Corporation :
|
|
|
Derech Petach-Tikva 65,
|
|
|
Tel-Aviv 61201
|
|
|
Tel: 03-5631777
|
|
|
Fax: 03-5310313
|
|
|
http://www.iftric.co.il
|
|
|
|
|
|
|
|
|