The risk of inability to fulfil an export contract (so-called manufacturing risk) consists in possibility of cancellation or interruption of an export contract on foreign importer’s part during manufacturing. Reasons may vary; they are not only insolvency of a foreign importer or refusal to accept the goods but they may also arise from political, financial or macro-economical situation in the importer’s country. Insurance covers the risk of the exporter of incurring a financial loss as a result of inability to fulfil the export contract. It may be arranged either separately or in succession to insurance of the export or pre-export credit.
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