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This guarantee can be applied for by the bank or by exporting companies and the bank in combination.

The guarantee that protects both the exporter and the loan provider

With the combined guarantee for loss on production and loss on claim, the exporter receives compensation for its costs if the customer cancels the agreement and the loan provider is compensated if the borrower fails to pay. EKN can cover both small- and large-scale transactions with this guarantee.

Transactions that can be guaranteed with EKN’s combined guarantee for loss on production and loss on claim

The guarantee for loss on production and loss on claim, with both exporter and bank as guarantee holders, covers the exporter’s accumulated costs that cannot be invoiced because the buyer has cancelled the agreement and also the bank’s risk that the borrower abroad fails to make payments as per the loan agreement. The guarantee provides cover for events that occur from the date on which binding agreements exist for both the lender and the exporter.

The lender can also use the guarantee as collateral if they choose to have another bank or other credit institution refinance the transaction. In this case, the lender assigns the claim and the rights under guarantee to the refinancer.

Documents

Application

You can find the documents required to apply for a guarantee here.

Published

Fact sheet Guarantee against loss on production and loss on claim

The file is a PDF document

Download the document

Published

Request for guarantee to be issued, Loss on claim guarantee

2.01e

The file is a Word Template

Download the document

Published

Notification of performance carried out

2.05

The file is a Word Template

Download the document

If problems arise

You can find the documents to request for a payment respite, report a claim, etc. here.

Published

Assignment form rightsholder exporters affirmation

The file is a Word Template

Download the document

Published

Request for EKN’s consent to an extension of time for payment

The file is a Word Template

Download the document

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