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1 Correct Presentation of Tender Offers 
2 Correct Compliance of Contract Performance
3 Correct Investment of Advanced Payments
4 Exchange of Amounts Withheld
5 Correct Professional Performance
6 Sales/Purchase Contracts
7 Customs Warehouse
8 Temporary Importation
1 Correct Presentation of Tender Offers
Guarantees the first phase of a project, which is the reception of offers from the different proponents before the project is awarded. The existence of the policy diminishes the possibility of proponents not acting seriously, and if this were the case, it will indemnify the damage caused thereby.
In the case of tenders, this policy guarantees that the awarded party, will sign the definite contract. This policy in no way guarantees the performance of the awarded contract.
2 Correct Compliance of Contract Performance
Guarantees compliance, in time and performance, of obligations established by contract. In the case of non compliance, or faulty compliance, the Insured is indemnified, thereby releasing them from any uncertainty they might have concerning the opportune compliance of contracts subscribed with third parties. This type of policy includes "correct performance of works", which guarantees that once the project has been received, the guarantor will comply with respect to repairs that might be necessary at his own expense.
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3 Correct Investment of Advanced Payments
Permits advanced payments, which are necessary to perform a contract, to be made with the certainty that they will be correctly and opportunely invested. If otherwise, the Company will cover any loss or damage that might occur. This insurance avoids the rapidity and flow of a project being affected, by avoiding excessive cautious financing. This type of Surety Policy covers the risk that funds given to the purchaser for performance of a project or works are not used for other purposes than that originally intended.
4 Exchange of Amounts Withheld
This allows contractors to obtain payment of amounts withheld under the contract payment statements, the mandatory party maintaining full guarantees of contract compliance. This insurance provides the benefit of not reducing the contractor's working capital, freeing him financially and thereby facilitating the termination of the contractual works or services.
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5 Correct Professional Performance
This policy guarantees the correct and full compliance of all obligations the purchaser (financial agent, stock exchange broker, mortgage administrator, investment funds administrator, customs agent, etc.) has with respect to the respective activities, covering the creditors of the insured for their respective credits with respect to the responsibility in which they could incur as a result of any suit brought for non compliance of their obligations.
6 Sales/Purchase Contracts
This policy guarantees correct compliance of purchase/sales contracts. Its objective is to cover the obligation of the prominent seller to provide the definite sales/purchase contract and inscribe the real estate in the respective Register Office. If this does not occur due to issues related to the real estate office, the advanced purchase payment made by the insured will be refunded.
For this type of policy we have our ExtraNet system. This allows requests for policies to be made rapidly and efficiently, the revision of list of policies issued to date, the revision of credit line amount available, and the issuing of original policies in the real estate companies offices. We are in fact the only company that has an electronic signing facility for these types of policies. Additionally, the Insured can verify the authenticity of their policies swiftly on a user friendly basis by entering their Tax Registration Number and policy number previously provided by the real estate office.
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7 Customs Warehouse
The National Customs Services allows importers to set up warehouses for goods under temporary importation regimes, thereby deferring payment of part of the importation costs subject to presentation of a guarantee in the form of a Bank Guarantee or an Immediate Execution Insurance Policy for an amount equivalent to the respective duties, taxes, rates and obligations. The insurance policy guarantees that the goods will not be removed from the bonded warehouse without prior payment of due duties and taxes.
8 Temporary Importation
This policy guarantees the National Customs Services that, in the case of goods being imported on a temporary basis for a determined period of time, they will not be sold within the country without previous payment of all duties, taxes, rates and obligations to which they would be subject.
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