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Exports & Imports

QDB Export Insurance

  • Last Updated 11 Jan, 2021
  • Service Type : E-Service
  • Service Mode : Hybrid (Online and Offline)
  • Service Provider : Qatar Development Bank
  • Service Classification : G2C, G2B
  • Topic : Business and Finance
Intended Audience
Visitor:Business Owner
Citizen:Business Owner

Description

This service offers Qatari exporters protection from risks imposed by overseas buyers. Export insurance provides two types of export credit insurance:

Pre-shipment risk cover:

This coverage is for Made in Qatar products, which protects the exporter against loss of produce (direct or indirect) or when an order is cancelled before the goods are shipped. This is especially important for exporters producing custom-made products that may not be resalable or when you are obliged to discontinue production due to political or commercial risks in the importing country.

Specifications and conditions:

Coverage begins when the goods are delivered and ends with the payment/policy expiry date.
Coverage for all political and commercial risks.
Coverage of up to 90% of the value of the payable.
post-shipment risk cover:

Post-shipment risk cover protects the exporter against the risk of an overseas buyer failing to pay for goods received on credit. It is intended to protect transactions with repayment terms not exceeding 12 months and mainly includes the supply of consumer goods, raw materials, semi-finished goods and spare parts.

Specifications and conditions:

Similar to the pre-shipment risk cover, the guarantee covers 90% of the value of goods
Coverage begins when the goods are delivered and ends with the payment/policy expiry date.
Coverage for all political and commercial risks
Coverage of up to 90% of the value of the payable.​​

Online Instructions

  • Choose Products and Services list found on QDB’s homepage, and then choose Export Insurance from the Financial Products lists. 
  • To apply for the program, please choose "Submit Here" on the service information page. 
  • Enter the required data and attach the following documents:
    • QID copy of the owner 
    • Business model - feasibility study
    • CV
  • Choose “Export Insurance” from the list of “Services you are interested in”
  • Enter the verification word 
  • Agree on the terms and conditions 
  • Submit the application

Additional Information

Required documents:

  • QDB KYC form (duly signed by the authorized signatory and stamped with the company seal)
  • Copy of valid Commercial Registration
  • Copy of Establishment ID
  • Completed Pre/Post-Shipment Risk Cover application (duly signed by the authorized signatory and stamped with the company seal)
  • Copy of the purchase order/export invoice, where applicable
  • Buyer Information
  • Official request letter
Required Documents in case of a claim:
  • Delivery note
  • Certificate of Origin (clearly stating Made in Qatar)
  • Export contract
  • Purchase order
  • Invoice
  • Transport documents (B/L, etc.)
  • Dunning correspondences
  • Documents issued by Customs
  • Any proof of payment/money received or any other gains
  • Email with notification by the exporter to the buyer that he will take legal actions against these receivables
  • For more details, you can check the service information page on QDB’s website.

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