Our country cover policy for countries in Oceania
This information about our country cover policy is intended for companies wishing to export capital goods or services. The cover policy which Atradius Dutch State Business maintains for a particular country is in principle valid for every transaction for that country which it is requested to insure.
All amounts are stated in millions of euros. Please read further for an explanation of the country cover policy and premium category denotations.
Our Cover Policy Explained
Our country cover policy applies to all transactions we insure on behalf of the Dutch state. In the table below we indicate the cover policy per country. For each country we have a country ceiling, you can see how much has been used under that ceiling, we indicate if there is a notice of cover situation (da). Under conditions you can see if the Sustainable Lending Principles & Guidelines are applicable and if DGGF can be used.
Countries are classified in categories ranging from 0 (lowest risk) to 7 (highest risk). The country category is an important factor when calculating the premium for an insurance policy.
|1. Open without restictions||4. Cover by exception only|
|2. Open with restrictions||5. Policy is being reviewed|
|3. Case by case|
|COUNTRY||COVER||COUNTRY CATEGORY||COUNTRY CEILING||USED PER END MARCH 2019||CONDITIONS|
|Marshall Islands||3||7||50||IMF/WB restrictions;|
|Northern Mariana Is.||3||6||115|
|Papua New Guinea||2||6||700||IMF/WB restrictions;|
|Solomon Islands||4||6||IMF/WB restrictions;|
|Wallis & Futuna Islands||3||1||500|