Under the documentary format, the principal risk assumed is the uninsured retention, if any. A written bank reference dated within three months of the application date. Evidence of satisfactory experience under a current bank line of credit is preferred. Two satisfactory written supplier references date within three months of the application date. Applicant's net worth is at least 20 percent of the requested or current policy liability limit.
Net worth can include subordinated shareholder debt.
Ex-Im Bank may require personal credit or financial reports on the applicant's major shareholders to consider issuing the documentary format. Coverage for political risks only is available under the documentary format. The insured must remain at risk uninsured and unsecured. The insured must remain at risk uninsured and secured. There is no first loss deductible provision in either format of the policy.