Combined guarantee for loss on production and loss on claim

There are two versions of this guarantee: either with the exporter as guarantee holder or with the exporter and bank as guarantee holders in combination. The combined guarantee with both exporter and bank as guarantee holders is described here.

With both exporter and bank as guarantee holders

With this EKN guarantee, the exporter receives compensation for its costs if the customer cancelles the agreement. The lender receives compensation if the borrower does not repay the loan. EKN can cover both small and large scale transactions with this guarantee.

The guarantee for loss on production and loss on claim, with both exporter and bank as guarantee holders, covers both 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 does not repay what is owed according to the loan agreement. This guarantee provides cover for events that occur from the date on which binding agreements exist for both the lender and the exporter.

More information

In the fact sheet, you find a description of the guarantee, the conditions and information on how to apply. Please contact us if you have any questions, telephone +46 8 788 00 00 

 

Application forms

General conditions

Fact sheet

Guarantee against loss on production and loss on claim combined for exporter and bank 2016