Documentary Credit Insurance (DCIP)

1- The importer arranges for the issuance of a letter of credit.
2- The foreign bank issues a letter of credit to the confirming bank.
3- The confirming bank enters into an insurance policy contract with Saudi EXIM and pays the insurance premium.
4- In case the foreign bank fails to pay, the confirming bank files a claim to Saudi EXIM, which compensates the local bank for the loss.
5- Saudi EXIM recovers the amount from the foreign bank and returns a share to the local bank according to their risk-bearing ratio after deducting fees and legal costs.

- Providing capacity-building support for banks and financial institutions in accepting facilities for Saudi exports.
- Facilitating exporters' access to credit facilities.
- Reducing credit risks.
- Increasing export volume and access to high-risk markets.

All sectors except crude oil

Not exceeding 12 months

Up to 90%