Export guarantee insures export related credit risks, enabling exporters to provide better payment conditions for foreign buyers and enter new markets.
Hereby we inform you of changes in issuing of export guarantees.
According to the valid State Export Guarantees Act, from now on export guarantees will be issued by credit insurance company AS KredEx Krediidikindlustus founded by the state and foundation KredEx. AS KredEx Krediidikindlustus was founded to find more flexible opportunities for offering credit insurance compared to previous ones, and especially for Estonian entrepreneurs. Among other things, no limitations are applied to the insurance company regarding the export destination countries, and it is possible to cover risks connected with entrepreneurs both from the EU countries and Estonia.
For more information on credit insurance products and application please turn to Client Manager Katrin Rudi (katrin.rudi[at]kredex.ee, Tel. 6674 105).
When selling a product or providing a service, an entrepreneur always faces a risk that the buyer cannot pay for the service rendered or goods received by the agreed term.To find a balance between credits offered to customers and risks connected with the latter, credit insurance may be a solution.
Long-term export guarantees can be used by exporters and financial institutions and are meant to eliminate the risks in connection with exports of capital and quasi capital goods.
Preshipment risk guarantee covers the expenses of the exporter upon fulfilment of the agreement concluded with a foreign buyer, if the exporter is forced to suspend production of the ordered goods.
Investment guarantee is meant for Estonian companies and the banks that finance them to cover the political risk related to the foreign direct investments made.
Hobujaama 4, 10151 Tallinn, Estonia kredex[at]kredex.ee +372 6674 100
