Page 108 - 2017-2018

EXPORT INSURANCE

AGENCY OF ARMENIA

Exporting companies while trading “Export Insurance
with foreign partners often perform Agency of Armenia”
supply of goods/services on ICJSC was established in
2013 by the Decision of
deferred payment terms, when the Government of the
payment is made within a certain Republic of Armenia,
period of time after the supply of within the framework of
export-oriented
goods/services. industrial policy.
In such cases exporting companies The only shareholder of
cannot be sure that their foreign the Agency is the
partner will be capable of paying for Republic of Armenia.
the supplied goods/services by the
deadline of deferred payment.
To cover this kind of risk the Agency offers RA
resident exporting companies insurance against
possible financial losses in case of non-payment for
the supplied goods/services.
Financial institutions of Armenia, acting as
beneficiaries of export insurance policy, provide
financing without collateral to the exporters.
This way the exporters get the opportunity to manage
their working capital more effectively in case of EXPORT
deferred payment terms.
WITHOUT

RISKS

To satisfy the needs of working capital on the phase
of manufacturing the Agency offers producers to use
the advantages of pre-export financing insurance
tool, which enables to obtain funds, necessary for
the implementation of export contract from
commercial banks or credit organizations,where the
insurance policy acts as a collateral.

Business Center ''Sakharov'', 48/1 Nalbandyan str.,
3rd floor, 0010 Yerevan, Armenia
Tel.: +374 10 58 29 29, +374 11 58 29 29
info@eia.am www.eia.am