Pre-export financing
The exporter is provided with financing at a reduced rate of interest for the replenishment of working capital to produce exported goods, works/services
Insurance procedure
- The exporter and importer enter into a contract under the terms of deferred payment
- The exporter and KazakhExport conclude an insurance contract
- The exporter applies to a bank for financing KazakhExport places a conditional bank deposit
- The bank provides a loan to the exporter to replenish working capital
- The exporter prepares a batch of goods or works/ services and makes a shipment to the buyer
- The exporter pays the insurance premium
- After the contract is fulfilled, the exporter repays the loan
- If the importer fails to fulfil its obligations, KazakhExport compensates the exporter for losses
Benefits for Kazakhstan exporters
- Obtaining financing for the entire production cycle of export goods on favorable terms;
- Competitive advantage in foreign markets, which consists in the possibility of granting a deferred payment under an export contract;
- Protection from political risks;
- Minimization of losses in case of non-fulfillment of financial obligations by the Importer;
- Increasing the volume and expanding the geography of exports due to favorable conditions for foreign partners.
