BECI To Roll Out Medium, Long-Term Credit Insurance

Just like the short-term export credit insurance, the medium and long-term credit insurance covers consist of both commercial and political risks.

Short-term risks are generally those where the credit terms are less than two years. Medium term risks are those between two and five years while long-term risks are in excess of five years up to 10 years. However, in case of certain projects such as power projects credit terms can easily span 18 years.