Pre-shipment insurance facility

This insurance is designed for Luxembourg importers, who have to make an advance payment to its foreign supplier. In case the foreign trader is not able to carry out his commitment to deliver, he will be called to reimburse the advance received from the Luxembourg importer.

 

The Office du Ducroire covers the risk of non-reimbursement by the debtor of the advance and interests inherent to the contract modalities.

 

Generally, the down payment must remain limited compared to future imports and rarely exceeds 50% of the contract value.

Photo - Assurance-Crédit