Sri Lanka Export Credit Insurance Corporation ( SLECIC )

Activities:
EXPORT CREDIT INSURANCE (SELLER'S RISK)
Short term (upto 180 days) cover against commercial & Political risks. Whole-turnover & Specific Insurance Policies. Tailor-made Insurance Policies where cover available for export of services,entrepot trade & consignment stocks as well.
EXPORT CREDIT GUARANTEES
Whole-turnover credit Guarantees (WTG) that underwrite the entire short-term export finance portfolios of commercial banks. Individual Export Production Credit Guarantees & Pre & Post Shipment Credit Guarantees to enable exporters to obtain working capital from banks.
Credit Guarantees to Banks that enable migrant workers to obtain pre-departure loans from banks (Apara).
EXPORT PERFORMANCE GUARANTEES
Counter-guarantees to banks on account of exporters covering Bid Bonds etc. Demand Guarantees to the ICC-Sri Lanka covering the ATA Carnet System. Demand counter guarantees to banks on account of Freight Forwarders covering their commitments to airlines.
OTHER SERVICES
Direct financing of small-scale exporters at post-shipment stage.
Providing financial status reports to commercial banks (Bizinfo)
Debt Collection Service.
CORPORATE DESCRIPTION
The Sri Lanka Export Credit Insurance Corporation (SLECIC) was established by Act No.15 of 1978 & commenced operations on 08 February 1979. The main objective of SLECIC is to provide support services of export credit insurance and guarantees for the development of exports from Sri Lanka. SLECIC's comprehensive export credit solutions help exporters to compete in more than 100 countries including high risk & emerging markets.