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August 2008. - SECIA paid out first claim against commercial risks |
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The biggest Serbian aluminium exporter – „Impol Seval“ from Sevojno, has been insuring its foreign receivables against commercial risks at SECIA since January 2007. „Impol Seval“ has been declaring all its receivables with differed payment agianst its buyers in Italy, Germany, Czech Republic and Bulgaria.
The Italian buyer of „Impol Seval“ - „So.Gen. Co“ did not settle its claims for a longer period of time and later on went bankrupt. Bankruptcy risk occured before the risk of protracted default and SECIA was bound to pay the claim in respect to the Insurance Agreement concluded with Impol Seval in amount of EUR 174.318.
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