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Under the agreements, EXIAR has insured confirmed letters of credit issued by Invest Finance Bank in favour of Commercial automobiles – GAZ Group on order of the Uzbek importers. Novikombank is confirming and financing bank.
Under the terms of the contracts, EXIAR insured loans issued to the Commercial automobiles – GAZ Group, AIR Business Consulting and Stayd. The agency provided insurance coverage to confirming bank against the risk of the issuing bank’s failure to pay indemnity.