A kind of insurance used in contracts abroad to cover the following risks: The conditions of the contract are not fulfilled by the public buyers and receivables from contract are not paid War, civil war, seizure, expropriation, nationalization Payments done by local currency instead of foreign currency or transfer restrictions Denial of work permits to…
Mainly used in lieu of bank guarantee letters, it has a specific wording for a specific purpose. Bonding Types Bid/Tender-Bond Guarantee Advance Payment-Bond Guarantee Payment-Bond Guarantee Performance-Bond Guarantee Maintenance-Bond Guarantee
A kind of insurance which is used in global investments and receivables of Turkish companies doing business abroad. The risks that the insurance covers: Currency convertibility and transfer restrictions Expropriation War and civil disturbance Breach of Contract Non-honoring of Sovereign Financial Obligations
A kind of insurance which is used in global investments and receivables of Turkish companies doing business abroad. The risks that the insurance covers: Currency convertibility and transfer restrictions Expropriation War and civil disturbance Breach of Contract Non-honoring of Sovereign Financial Obligations
