Investment Insurance - Overseas Untied Loan Insurance
This insurance is made for manufacturers and covers export and intermediary trade in the same way as Export Credit Insurance. When a manufacturer exports goods or undertakes intermediary trade to a foreign country, at the stage when Sovereign Hong Kong receives notice of the conclusion of the export contract, the insurance contract of insurer's obligation retroactive to the export contract date will be concluded.
Furthermore when an insured risk occurs during the insurer's obligation period (maximum one year) which is from the conclusion of each export contract till the due date of settlement, due to import restriction / prohibition, restriction of exchange dealings, buyer's legal bankruptcy, or delay of payment, the loss amount will be covered within the previously fixed insured amount limit.
Insured Amount Limit = Estimated Maximum Balance of Export Contract × 95%
