Form EIB18-01 Multi-Buyer Select Risk Policy (Mbsr) Exclusions Worksheet

What Is Form EIB18-01?

This is a legal form that was released by the Export-Import Bank of the United States on March 1, 2018 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the purpose of the EIB18-01 Multi-Buyer Select Risk Policy?
A: The purpose of the EIB18-01 Multi-Buyer Select Risk Policy is to provide coverage for exporters against non-payment risks arising from commercial or political events.

Q: What does the term 'Multi-Buyer Select Risk' mean?
A: Multi-Buyer Select Risk refers to the risk of non-payment by multiple buyers.

Q: What is the Exclusions Worksheet for?
A: The Exclusions Worksheet is used to list and specify the exclusions or limitations to coverage under the EIB18-01 Multi-Buyer Select Risk Policy.

Q: Why are exclusions or limitations listed in the Exclusions Worksheet?
A: Exclusions or limitations are listed in the Exclusions Worksheet to clarify the scope of coverage provided by the policy and to identify any specific risks or events that are not covered.

Q: Who fills out the Exclusions Worksheet?
A: The Exclusions Worksheet is typically filled out by the insurance provider or underwriter in consultation with the exporter.

Q: What happens if a specific risk or event is excluded in the Exclusions Worksheet?
A: If a specific risk or event is excluded in the Exclusions Worksheet, the exporter will not be covered for any losses or damages related to that particular risk or event.

Q: Can the Exclusions Worksheet be modified or customized?
A: Yes, the Exclusions Worksheet can be modified or customized to suit the specific needs and circumstances of the exporter, subject to approval by the insurance provider.

Q: What other documents are required in conjunction with the EIB18-01 Multi-Buyer Select Risk Policy?
A: Typically, exporters are also required to provide supporting documents such as invoices, shipping documents, and credit reports of buyers to support their insurance claim under the policy.