Pre-export financing insurance 

Product description

Because of lack of working capital or limited access to financial resources , even having signed export agreements ,exporters often encounter the problem of inability to manufacture goods specified in the purchase order and export them on time.

In order to ensure continuity in production cycle and boost exports volume of RA resident companies ,EIAA offers pre-export financing insurance (PFI), which gives RA exporters the opportunity to receive short-term bank financing ,without collateral, under the export contract insured by EIAA. The precondition for providing PFI is at least 1 year experience in manufacturing under the export contract .The loans can be directed to the performance of the export contract in the following areas:

- raw materials purchasing

- packaging costs

- product-appearance demands costs

- transportation costs

- customs expenses

General Conditions

Policyholder: RA commercial bank or universal credit organization

Borrower: Resident exporting companies of the Republic of Armenia with at least 1 year experience in goods production

Insurance (loan) maximum duration: 18 months

Insurance object: Loans granted by the Insurer to the Borrower and accumulated interests

The maximum limit of the insurance coverage: 95 % of the sum insured

Loan purpose : raw materials purchasing,packaging costs, product-appearance demands costs,transportation costs,customs expenses

Loan security: personal guarantees of the Borrower's Shareholders with significant participation ,receivables deriving from the export contract

Currency of the sum insured: AMD, USD, EUR, RUB

Other conditions: The maximum limit of the insurance coverage can’t exceed 85% of the export contract or export transactions’ insurance amount, if financing is provided in the currency of the export contract and not more than 75% ,if the currency is different.


Pre-export financing rates

Pre-export financing period (days)

Insurance rates

 Up to 180