Financial leasing insurance
Financial leasing insurance is a tool that allows a Leasing company to obtain protection against the risk of non-payment by a Kazakhstan enterprise (Exporter) for equipment (transport, building) received under financial leasing under the terms of a financial leasing agreement.
Insurance procedure
- Exporter and importer conclude a purchasing agreement
- The importer files an application for credit/leasing to a bank/leasing company
- «KazakhExport» concludes an insurance agreement with a bank/ leasing company
- The bank/leasing company and importer conclude a loan/financial leasing agreement
- The importer pays to the exporter for the goods using the borrowed money or the leasing company pays for the goods to the exporter
- The exporter delivers the goods to the importer
- In case of importer’s default on the loan/leasing, «KazakhExport» compensates losses to the bank/leasing company
Documents for application
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