Country Cover Policy
Cuba 321
| Country Category | Ｈ |
|---|---|
| Transactions with the repayment term of less than two years | Terms of Cover (Excluding comprehensive insurance) ・Repayment term: Up to 12 months ・Payment by a letter of credit issued by Banco Nacional de Cuba |
| Transactions with the repayment term of two years or longer | While repayment of Cuba’s past overdue debts has started under the debt restructuring agreement made in September 2016, the country’s liquidity remains uncertain. NEXI’s consideration will be based on conditions including the country’s future repayment certainty. For specific transaction inquiries, please provide information to NEXI. |
| Overseas Investment Insurance | NEXI determines whether or not to cover risks of war, force majeure, expropriation and rights infringement on a case by case basis. |