Pre-Shipment – Export Contract

For export transactions of non-standard products produced by special order according to the buyer's specifications, which, if canceled before shipment of the order can cause damage to the policyholder if another buyer for the goods cannot be found, the exporter can insure the transaction during the production period by adding a pre-shipment endorsement to the policy, which covers the exporter's costs.

Under this endorsement, cover begins at the beginning of the production process and enables the exporter to obtain compensation from the Corporation if he is adversely affected by the cancellation of the order.

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