I have EGAP insurence project ,but i don't know extension for "EGAP" plz send any one
The Export Guarantee and Insurance Corporation (EGAP) was founded in June 1992 as a state-owned export credit agency, insuring credits connected with exports of goods and services from the Czech Republic against political and commercial risks. EGAP, now part of the state export support programme, provides insurance services to all exporters of Czech goods irrespective of their size, legal form and volume of insured exports. In addition, they provide insurance of domestic receivables.
In compliance with Act No. 58/1995 Coll., on insuring and financing export with state support, as amended, EGAP is a joint-stock company, fully owned by the state. The Czech Republic exercises its shareholder's rights through central authorities of the state (Ministry of Finance, Ministry of Industry and Trade, Ministry of Agriculture and Ministry of Foreign Affairs). The Company's main activity is insuring export credits against political risks and against a combination of political and non-marketable commercial risks (hereinafter called "political risks"). This kind of insurance is realised with state support in the form of a state guarantee for EGAP's obligations arising from insurance of those risks.
The second area of EGAP's activities is insurance against short-term commercial risks, i.e. the risk of non-payment resulting from insolvency or protracted default of a foreign or domestic buyer. This insurance is offered by the subsidiary KUP on its own account, on a commercial basis with reinsurance through treaties with major European reinsurance companies. This activity is exempt from any state support.
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