When first applying for the policy, the exporter may choose one of two coverage options. The insured may change options at the time of renewal. Under the first option, Ex-Im Bank insures 100 percent of the political risks and up to 90 percent of the commercial risks. Ex-Im Bank insures 95 percent of both the political and commercial risks. The exporter absorbs a deductible for losses under this option, as well as retaining 5 percent of both the political and commercial risk.
Premiums vary with the exporter, type of buyers and credit terms.
The Multi-Buyer Policy insures export credit sales of goods and services. Repayment terms on these exports typically range up to 180 days, although terms for agricultural commodities, fertilizer and consumer durables may be extended to 360 days by special endorsement. The products sold must be produced or manufactured in the United States. Goods must be shipped from the United States. No value may be added to the product by the insured after export from the United States unless approved by Ex-Im Bank.