EXIM THAILAND LAUNCH OF ‘CLM TRADE INSURANCE’ FOR SMES
Export-Import Bank of Thailand (EXIM Thailand) has launched “CLM Trade Insurance” to help Thai SME exporters hedge risk of non-payment by buyers in CLM (Cambodia, Lao PDR and Myanmar) by offering insurance coverage for exports worth up to Bt1 million per transaction under payment term of not exceeding 90 days, the bank’s president Pisit Serewiwattana said yesterday.
Under the CLM Trade Insurance facility, Thai SME exporters can take the protection type of their choice at the expense pre-determined by them with insurance premium starting from Bt3,300 per insurance policy and maximum coverage of 90 per cent of loss amount.
