Law of Export Credit Insurance and Guarantees

This book examines the law of export credit insurance and export credit guarantees, comparing their legal characteristics and exploring why some export credit agencies provide both products. It is a doctrinal study informed by empirical research and provides guidelines for arranging ECI/ECG transactions.

Format: Hardback
Length: 260 pages
Publication date: 19 August 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate world of export credit insurance and export credit guarantees, providing a clear understanding of their legal nature as insurance and guarantees respectively. By comparing their legal characteristics, including contract formation, terms and conditions, duty of fair presentation, claim handling process, and subrogation and recoveries, the book elucidates the distinctions between these two financial instruments. Furthermore, it explores the rationale behind some export credit agencies offering export credit guarantees in addition to export credit insurance, despite the latter being a more client-friendly product and easier for banks to utilize.

The book is a doctrinal study grounded in substantial empirical research, drawing upon English case authorities and statutory law to provide a comprehensive analysis. It examines a vast array of export credit insurance and export credit guarantee contractual terms, proposing model clauses and critically examining the impact of the Insurance Act 2015 on export credit insurance.

This book serves as a valuable resource for students, academics, and practitioners in the field of commercial and insurance law. It offers insightful guidelines for all potential parties involved in arranging an export credit insurance/export credit guarantee transaction, including export credit agencies, private credit insurers, brokers, banks, exporters, and buyers. By correctly identifying and selecting the appropriate cover, readers can navigate the complexities of these financial instruments and safeguard their interests in international trade.

In conclusion, this book is a must-read for anyone seeking to gain a deeper understanding of export credit insurance and export credit guarantees, their legal nature, and their practical applications in international trade. It provides a comprehensive and authoritative guide that will be invaluable to scholars, professionals, and policymakers alike.

Weight: 700g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032262932