Multi-Buyer and Single-Buyer Short-Term Insurance Program

The benefits of this program include the following:

• Streamlined processing of multi-buyer policy renewals that are eligible for renewal within 60 days from the date of this notification;
• Extension of expiry dates of up to 30 days for exporter single-buyer policy (ESS) renewals that expire within 60 days from the date of this notification; 
• Streamlined processing of all Special Buyer Credit Limit (SBCL) renewals that expire on or before April 1, 2020, including the extension of the final shipment date up to 30 days; 
• Extension of up to 30 days for shipment reporting and premium payment deadlines for all shipments made during a 30-day period from the date of this notification;
• Extension of overdue reporting requirements for up to 30 days for all overdues that would normally have required reporting during the next 30 days from the date of this notification;
• Extension of up to 30 days beyond the claim filing period if the claim filing deadline specified in the policy occurs within 30 days from the date of this notification; 
• Flexibility in claims analysis and the documentation necessary to file a claim

If you are a financial institution with a Letter of Credit Policy or Financial Institution Buyer Credit Policy, please contact us at info@exim.gov if assistance is needed to address concerns regarding your insurance-related obligations. 

The Multi-Buyer and Single-Buyer Short-Term Insurance Program may be able to help your business if it has been affected by COVID-19.