Advance payment insurance
Advance payment insurance provides protection to a foreign company (Importer) purchasing Kazakhstani goods/services from a Kazakhstan company on an advance payment basis.
Insurance procedure
- Exporter and importer conclude an agreement on advance payment terms
- «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 losses to the importer
