Hong Kong Export Credit Insurance Corporation
The Hong Kong Export Credit Insurance Corporation (HKECIC) was created by statute in 1966 to protect Hong Kong exporters against non-payment risks arising from commercial and political events.
Its contingent liability under contracts of insurance is guaranteed by the Government of the Hong Kong Special Administrative Region, with the statutory maximum liability currently standing at HK$80bn.
HKECIC provides a wide range of insurance facilities covering export of goods and services on credit periods up to 180 days. HKECIC also provides tailor-made facilities to cater for the varying needs of different export sectors. For export of capital goods, HKECIC may offer medium and long-term cover for credit periods up to five years or beyond.
✓ Export credit insurance (supplier credit)
✓ Short-term (up to one year) / Medium and long-term (over one year) cover: commercial and political risks; pre-shipment and post-shipment cover.
Founded: 1966
Ownership: A statutory corporation under the Government of the Hong Kong Special Administrative Region