• policy number;

• name and address of policyholder and of other parties to the policy (e.g. broker or trade financier);

• actual premium rate or amount and/or the minimum premium amount;

• start and end date of the policy (policy period);

• description of the insured's trade activities;

• covered percentage and amounts of deductibles, if any;

• the longest credit period that the insured may agree with its buyers under cover of the policy;

• the maximum amount that the insurer is liable to in respect of all losses during the policy period;

• specification of the costs that will be charged for credit limit handling and monitoring of the buyers;

• overview of buyer countries covered by the policy including any special terms and conditions for particular buyer countries;

• currency of the insurance contract;

• the applicable law and competent court.

• description of the covered causes of loss (insolvency, protracted default, political risks);

• description of the insured receivables or trade;

• exclusions (which causes of loss, which buyers, which receivables are not covered);

• when cover for each receivable starts (typically for credit risk cover, when the corresponding delivery is made or when the service is performed);

• credit limits: how and when to apply or establish for a credit limit for each buyer, how long are they valid, any discretionary limits that may be set by the policyholders themselves, the right of the credit insurers to change credit limit amount;