US Ex-Im reduces premiums for small businesses

US Ex-Im has decided to reduce its premium rates for small businesses in the US by 15%. The reduction is only applicable on two types of export credit insurance: short-term small business multi-buyer policies and short-term small business environmental multibuyer policies.

"We hope this change will make it easier on small businesses in this difficult credit environment," comments US Ex-Im Bank’s chairman and president James Lambright.

The premium rate reduction came into force at the beginning of October, and affects approximately half of all US Ex-Im Bank insurance policy holders. It is effective on all shipments made on and after October 1.