Advance payment insurance | Export credit agency of Kazakhstan

Advance payment insurance

This tool provides protection to a foreign company (Importer) purchasing Kazakhstani goods/services from a Kazakhstan company on advance payment terms

Insurance procedure
  • The exporter and importer enter into a contract under the terms of advance payment
  • KazakhExport and the exporter sign an insurance agreement of the exporter’s legal liability on the return of advance payment
  • The importer makes an advance payment for goods or services to the exporter
  • In case of default on contractual liabilities and failure to return the advance payment, KazakhExport compensates the importer for losses