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NAIFE - National Agency for Insurance and Finance of Export - Sudan (NAIFE)

Key facts

  • Established in 2005
  • Ownership: Public
Not Part of the OECD Not part of the Berne Union

Latest update: 03/12/2021

Products

  • Buyer credit
  • Supplier credit
  • Other products

Buyer Credit

  • Covers Sudanese commercial banks that provide the funding in accordance with the principles of Islamic law for foreign buyers of Sudanese products  
  • Cover: Up to 90% for commercial and political risk

Supplier Credit

  • Insurance to cover foreign buyer non-payment risks to Sudanese exporters
  • Tenor: Up to 180 days
  • Cover: Up to 90% for commercial and political risk, from date of shipment
  • "Sub-products:
    - Specified document process: Insurance for a special order produced with specific specifications; covers up to 90% except for the loss resulting from resale of goods which is covered at 70%  
    - Insurance policy L/C: Insures Sudanese commercial banks from the risk of non-payment of irrevocable L/Cs supporting exports shipped from Sudan; covers commercial and political risk for a term up to 1 year (renewable)"

Other Products

  • Guarantees for the financing of:
    - Insurance policies issued by regional institutions
    - Shares registered in the Khartoum securities market
    - Investment companies
    - Direct storage and comprehensive commercial insurance covering all risks
    - Storage certificate issued by recognized authorities
    - Floating mortgages 

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