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Bank Policies

The Comprehensive Cover Policy (CCP) and Export Finance Insurance Policy (EFIP) are the Policies designed for Hong Kong financial institutions. All protection commences from the date of shipment.

CCP: In relation to the contracts of sales, the financial institution must have made a Receivables Purchase Agreement with the Exporter.
EFIP: The financial institution must have provided the Exporter with post-shipment finance.

Major Benefits
  • Percentage of Indemnity as high as 90%
  • Credit Assessment Services
  • Risk Management Services
  • Sharing up to 90% of Your Expenses for Pursuing Debt

Scope of Cover

The policies cover domestic exports and re-exports from Hong Kong or from the following countries or areas:

  • Mainland China
  • Indonesia
  • Korea, South
  • Macau
  • Malaysia
  • Philippines
  • Singapore
  • Sri Lanka
  • Taiwan
  • Thailand

All shipments made under contracts concluded on payment terms of Documents Against Payment (DP), Documents Against Acceptance (DA) and Open Account (OA) are covered.

Risks Covered

Risks covered can be classified as buyer risks and country risks.

Buyer risks

  • Insolvency and bankruptcy
  • Default in payment
  • Failure or refusal to take delivery of goods

Country risks

  • Blockage or delay in foreign exchange remittance
  • Cancellation of import licence
  • Import ban
  • Payment moratorium
  • War, revolution, riot and natural disaster

  • For all events of loss, the maximum percentage of indemnity is 90%.
  • For insolvency or bankruptcy of the buyer, claims are settled as soon as all relevant documents are submitted.
  • Where the buyer fails to pay for goods he has taken delivery of, claims are settled 4 months from the due date of payment.
  • Where the buyer fails or refuses to take delivery of the goods, claims are settled immediately after the resale of goods.
  • For any other event of loss, claims are settled 4 months after the occurrence of the event.

Premium Rates

Premium rates are calculated on the basis of the volume of insurable business, the spread of risks, the destination and the terms of payment. In general, the riskier the country and the longer the credit periods, the higher the premium rates.


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.


For enquiries and application procedures, please contact us at 2732 9988.

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