
Export-Import (Exim) Bank of Thailand advocates the use of export credit insurance to safeguard against non-payment risks from overseas buyers, says first vice-president Apinut Chatusripitak.
Operating an export credit insurance business for 27 years, the bank has recorded accumulated export insurance turnover of 1.82 trillion baht and total insurance claim payments of 1.4 billion baht, with payment default by 263 foreign buyers.