With the purpose of creating a favorable environment for financing foreign banks & companies investment projects, foreign trade contracts, as well as for stimulating & attracting foreign investments to the key industries of the economy of Uzbekistan. In 1995 year was established Joint Venture «Uzbekinvest International» between National Export-Import Insurance Company «Uzbekinvest» with the largest financial group «American Inrternational Group» (ÀIG).
Located in London, traditional centre of the political risk insurance market, & with a capital of $100 million (80% - Uzbekinvest, 20% - AIG), company «Uzbekinvest International» arrange wide opportunity covering large investments with an allowance legacy channels co-insurance on the private market of political risk insurance.
With the object of elimination of ambiguity potential investor’s in future economic, legal & administrative development of country & improvement investment climate of Uzbekistan, company provide next types of insurance:
Investment insurance
This type of insurance providing insurance protection from confiscation, expropriation, nationalization, selectively discrimination concerning foreign partner or country, import/export restriction, license cancellation, governmental guarantee cancellation, abrogation of a governmental agreement, impossibility transfer of dividends & profits.
Main risks:
• Confiscation
• Expropriation
• Nationalization
• Alienation
Additional risks:
• Selectively discrimination
• Forced divestiture
• Import/export embargo
• License cancellation
• Non-convertible currency
• War, civil disturbances
• Breaking-off government agreement
• Governmental guarantee cancellation
Trade & credit insurance
Insurance from repudiation of a contract
This type of insurance protect foreign partner from unilateral contract default as a result of political events, such as: war, civil disturbances, rebellion, revolt, introduction of import/export embargo, license cancellation, governmental guarantee cancellation, introduction legislative instrument of the Republic of Uzbekistan, which frustrates a contract.
Main risks:
• Unilateral contract default
• Non payment
Additional risks:
• Import/export embargo
• License cancellation
• War, civil disturbances
• Transfer a currency
• Governmental guarantee cancellation
Insurance from unlawful requirement of guarantees
This type of insurance providing awarded damages caused unlawful requirement of payment by a contract in the event of military action or government actions of country, such as, license cancellation, introduction of import/export embargo, changing of legislation.
Main risks:
• Unlawful requirement of guarantees of a government buyer
Additional risks:
• War, civil disturbances
• Import/export embargo
• Changing of legislation
Tel. 233-21-74
Address: 8 th Floor, AIG Building, 58 Fenchurch str., London EC3M 4 AB
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