Authorizations and country export data

• Available to Hong Kong exporters and manufacturers who are the principal in the contract to cover export business on credit terms when goods are:
• Shipped from Hong Kong
• Transported directly from suppliers' countries to foreign destination even without passing through Hong Kong
• Maximum insured amount: Up to 90% of contract value
• Eligible exports: Must come from Hong Kong, Mainland China, Indonesia, South Korea, Macau, Malaysia, Philippines, Singapore, Sri Lanka, Taiwan, or Thailand
• Availability: Date of shipment
• Credit period: Up to 180 days
• Cover: Commercial and political risks
• Premium rate: Calculated on the volume of insurable business, spread of risks, export destination, and payment terms

• Available to Hong Kong exporters and manufacturers; application can be completed over the phone
• Pre-shipment cover: For export business on credit terms or under payment terms of irrevocable L/C
• Post-shipment cover: For export business on credit terms with goods
• Shipped from Hong Kong
• Transported directly from suppliers' countries to foreign destination without passing through Hong Kong
• Availability: Date of contract
• Maximum insured amount: Up to 90% of contract value
• Eligible exports: Must come from any of Hong Kong, Mainland China, Indonesia, South Korea, Macau, Malaysia, Philippines, Singapore, Sri Lanka, Taiwan, or Thailand
• Cover: Commercial and political risks
• Premium rate: Calculated on the volume of insurable business, spread of risks, export destination, and payment terms

• Available to exporting companies with annual turnover less than HKD 50 million for contracts of sale with overseas buyers
• Coverage:
• Pre and post-shipment risks with maximum liability up to HKD 10 million
• Applies to domestic exports and re-exports from Hong Kong, and direct exports from places outside Hong Kong
• Selective cover for specific buyers or markets
• Insured amount: Flexible range from 60% to 90% of contract value
• Shipment declaration: Per invoice or per the sum of invoice values reported once monthly per buyer
• Cover: Commercial and political risks
• Fees:
• Annual policy fee waived
• Premium discounted 20%
• Premium calculated on the volume of insurable business, spread of risks, export destination, and payment terms

• Comprehensive protection to Hong Kong service sector companies rendering services to overseas clients on credit
• Cover commences when services rendered
• Maximum insured amount: Up to 90% of contract value
• Eligibility: All service contracts with credit up to 180 days
• Services categories covered: Freight forwarding, hotels, services for aircraft engine overhauls and general maintenance, testing and inspection services, construction services, travel agency, advertising, and management/consultation services
• Cover: Commercial and political
• Premium rate: Calculated based on volume of insurable business, the spread of risks, the client’s country, and payment terms

• Medium- and long-term insurance to cover exports of capital goods can be provided for credit periods of up to 5 years, or even longer if required on an exceptional basis

• The agency aims to protect the environment and promote sustainable development of Hong Kong

• ECIC covers over 200 countries all over the world, except UN sanctioned countries

• Commercial risks covered:
• Bankruptcy or insolvency
• Payment default
• Refusal to take delivery of goods

• Political risks covered:
• Blockage or delay in foreign exchange remittance
• Cancellation of import license
• Import ban
• Payment moratorium
• War, revolution, riot, or natural disaster

• Premium rate: Free online quote through website

• Code of conduct rules

• 2024: HKECIC announces increase of statutory maximum liability to HKD 80 billion strengthening support for exporters in exploring business opportunities

• 2024: HKECIC and Dun & Bradstreet launch credit risk index to mitigate export risk