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The Specific Policy The Specific Policy provides credit protection for medium- and long-term transactions, including specific contracts, capital exports or projects.

The policy is usually tailor-made to cover specific export of capital goods such as machinery, turn-key plant and heavy equipment, as well as construction projects and services overseas. To qualify, there must be a Singapore content of not less than 30% of your total contract price and credit terms must be at least two years.

The policy covers the same risks as the Comprehensive Policy (except for non-acceptance) but the following risks can also be considered:

- Contract frustration/repudiation;
- Sovereign risk;
- Unfair calling of bonds

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