Lebanese Credit Insurer s.a.l.
Last updated on 21 Feb 2024
Key facts
Owned by Atradius and other investors, LCI supports SMEs' exports sales within and from the MENA region.
PUBLIC
2001
Credit rating (sovereign) (S&P)
SD
SD
Foreign currency
Local currency
Country trade data
2021 top export sectors
Stone and glass
25%
Vegetable products
13%
Metals
11%
Food products
10%
Chemicals
8%
2022 export destinations
Financing modalities
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90%
Products
- Covers suppliers engaged in manufacturing, trading companies, and service providers against the risks of non-payment of accounts receivable with local and foreign buyers
- Risks covered:
- Commercial risk
- Political risk
- Pre-shipment risk: Losses that may occur during the production period prior to delivery—these losses can be a result of the buyer not fulfilling his end of the contract due to bankruptcy, insolvency, or political events
- Other financial modalities:
- Extended short-term credit insurance: Covers the sales or the financing of vehicles or machinery to companies with monthly installments up to 36 months
- Excess of loss: Client retains a percentage or amount of the risk up to a limit determined in advance, and the insurer pays the remaining amount of the claim above that limit up to a specific sum
- TAJER: Innovative, simple and efficient credit insurance policy for SMEs
- Debt collection
- Credit information
- Data analysis
- Credit and insurance advisory
Policies
- Code of conduct