The ICICI Lombard Credit Insurance Policy is designed particularly for those companies selling goods on services on credit to the buyers overseas. This policy renders coverage to the companies for outstanding receivables which are approved within credit terms. This policy thus protects the insured person against the nonpayment risks from the buyers.
The ICICI Lombard Credit Insurance Policy covers the losses due to commercial and political risk. The risks are categorized under the following classifications:
Commercial Risk
• Insolvency of the buyer
• Non payment by the buyer – protracted default
Political Risk
• General moratorium on payment by the government of buyer’s country
• Cancellation of import license
• Political events, economic difficulties, legislative or administrative measures preventing payment
• Military or civil war, revolution, riot or insurrection
• Non payment by government buyer
• Government decision preventing performance
The premiums of ICICI Lombard Credit Insurance Policy are articulated as a rate in % of the turnover of the insurable:
• 70% / 80% / 90% of the individual bill
• Extent of coverage sought
• Countries included in the portfolio
• Risk rating of business sectors
• Insured turnover
• Countries included in the portfolio
• Trade losses of insured
This policy has excluded the coverance of certain liabilities, those are:
• Sales to a private individual who intends to use the goods or service for non-professional purposes
• Sales contracts where payment is received in advance
• Sales under irrevocable and confirmed Letter of Credit
• Non-payment arising due to trade disputes
• Loss due to foreign currency fluctuations
• Nuclear risks
• A war between two or more of the following countries: France, China, Russia, the United Kingdom and the United States of America
• A war between the Insured’s country and the country of the buyer
• Sales to an associate company (Political & AOG risk can be covered)
Having well-developed legs is
Having well-developed legs is what long-distance runners are known for. Unfortunately, it tends to stop there. If your body is entirely balanced and symmetrical, it can be very beneficial for your health. Most runners try to avoid carrying extra weight when they exercise. Most of the time, it all comes down to personal preference. You can tone your upper body, and help avoid overuse injuries, if you build up a little bit. Simple body weight exercises will probably do if you don't want to add mass to your torso. When you do these exercises, you will add variety to your weekly workout routines. All you have to do are a few of these exercises, and your body will be more resistant to injury and healthier across the board.
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The upper body of the long-distance runner is not their claim to fame. It usually stops with their well-developed legs in regard to their physical achievements. Believe it or not, having a symmetrical and balanced body is something that can be beneficial for you overall. Runners typically don't want to have a lot of weight to carry with them. Personal preference plays a large role in this decision. Since your upper body is in shape (despite the extra weight) you can avoid overuse injuries very easily. Instead of adding serious mass, you could do toning exercises that only work with your body weight. You can add a little variety to your weekly training by doing this. Really, you're not going to harm your ability to run. You are actually going to improve your resistance to injury by doing them.
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