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
