Gulf Oil and Gas accountACCOUNT

SIBUR and EXIAR Sign an Export Trade Insurance Agreement

Source: www.gulfoilandgas.com 1/20/2014, Location: Asia

Share |
The Russian Agency for Export Credit and Investment Insurance (EXIAR) and BIAXPLEN, SIBUR's subsidiary, have entered into a comprehensive export credit insurance agreement. This is SIBUR's the first experience in insuring foreign receivables. The document was signed by Petr Fradkov, EXIAR's CEO, and Anton Matvienko, BIAXPLEN's CEO.

Under the agreement, the EXIAR shall provide insurance of biaxially-oriented polypropylene (BOPP) film supplies for around RUB 2.2bn against the risk of default of European petrochemical buyers. The insurance coverage is valid for one year. Comprehensive export credit insurance is intended to protect Russian companies against the risk of default of foreign buyers due to commercial or political reasons. The insurance covers supplies of goods under a deferred payment scheme.

Insurance News in Russia >>

China >>  5/31/2018 - TechnipFMC has been awarded a subsea contract by CNOOC Limited for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project in the South Chin...
Azerbaijan >>  5/30/2018 - On 30th of May State Oil Company of Azerbaijan Republic (SOCAR) and Statoil Azerbaijan, part of Norway’s Equinor group signed a Risk Service Agreement...

Vietnam >>  5/28/2018 - Jadestone Energy Inc. (JSE) (Jadestone) has received approval from Vietnam’s Ministry of Industry and Trade (MOIT) of its Outline Development Plans (O...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 |

More News

 

Oil & Gas Companies in Russia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.