Domestic Payments Insurance Policy (DPIP)

The Domestic Insurance Policy (DPIP) is designed to provide protection to Companies against commercial credit risks inherent in local transactions.

Risks not Covered

Losses arising from the following risks are not covered:

▪ Insolvency of any agent of the Company or of a collecting bank or from any act or default of such agent or collecting bank.

▪ Any failure or inability of the Company or buyer to obtain authority to deliver or accept goods where such authority is required by regulations.

▪ Risks covered by general insurers.

▪ Trade dispute between the Company and the buyer.