Country trade data

• Insurance to cover foreign buyer non-payment risks to Sudanese exporters
• Tenor: Up to 180 days
• Cover: Up to 90% for commercial and political risk, from date of shipment
• Sub-products:
• Specified document process: Insurance for a special order produced with specific specifications; covers up to 90% except for the loss resulting from resale of goods which is covered at 70%
• Insurance policy L/C: Insures Sudanese commercial banks from the risk of non-payment of irrevocable L/Cs supporting exports shipped from Sudan; covers commercial and political risk for a term up to 1 year (renewable)

• Covers Sudanese commercial banks that provide the funding in accordance with the principles of Islamic law for foreign buyers of Sudanese products
• Cover: Up to 90% for commercial and political risk

• Guarantees for the financing of:
• Insurance policies issued by regional institutions
• Shares registered in the Khartoum securities market
• Investment companies
• Direct storage and comprehensive commercial insurance covering all risks
• Storage certificate issued by recognized authorities
• Floating mortgages

• Does not finance petroleum or gold

• The insured (or bank, in the case of L/C) shall notify NAIF of any incident that entails risks covered bay NAIF within a month from the date of incidence

• Risks not covered for insurance: Currency devaluation, action taken by or with consent of the insured, and failure to obtain export approvals