Home Page

Our Policies

Self-Underwritten Policy

The Self-Underwritten Policy (SUP) is tailor-made for Hong Kong exporters with an annual turnover of less than HK$50 million, covering contract of sale they have with their overseas buyers in major overseas countries/markets. The SUP provides exporters a flexible arrangement to set discretionary credit limits under certain criteria to assist Hong Kong exporters in developing overseas markets.

Major Features

  • Covers export of goods
  • Selective cover for specific buyers
  • 10 free credit limit applications (self-underwritten limit not counted)
  • Credit limit application per buyer up to HK$3 million (self-underwritten limit up to HK$800,000)
  • Maximum liability up to HK$3mn (self-selected)
  • Indemnity ratio self-selected 50%, 60%, 70% or 80%
  • Non-qualifying loss HK$50,000 or HK$100,000 (optional)
  • No declaration on shipment is required
  • No policy fee and deposit

Scope of Cover

The SUP covers domestic exports, re-exports from Hong Kong or direct exports from places outside Hong Kong. All shipments made rendered under contracts concluded on payment terms of cash against documents (CAD), cash on delivery (COD), documents against payment (DP), documents against acceptance (DA) and open account (OA) for a period not exceeding 120 days are covered.

Risks Covered

  • Insolvency of the buyer
  • Failure of the buyer to pay for goods accepted by it which occurs after shipment.

Claim Payment

  • For insolvency of the buyer, claims are settled as soon as all relevant documents are submitted.
  • For failure of the buyer to pay for the goods accepted by it, claims are settled 4 months from the due date of payment.

Premium Rate

Fixed premium rate


Major Benefits

  • Insurance protection
  • Credit assessment and monitoring
  • Useful collateral for export financing
  • Assisting in solving payment problems


All information provided to the Corporation will be kept strictly confidential. ECIC staff is required to take an oath of secrecy as provided under Section 31 of the Hong Kong Export Credit Insurance Corporation Ordinance (Chapter 1115). The Corporation is a “public body” under the Prevention of Bribery Ordinance. Staff members are not permitted to accept any advantage from customers. Anybody offering any advantage to the staff for any assistance in their capacity as public servants under the Ordinance commits an offence.



Click here for application 

Goto the top of the page