Achieve your goals with GIEK
Norske statlige garantier betyr høy grad av sikkerhet for eksportører, kjøpere og banker
GIEK guarantees
We reduce risk for exporters, buyers, or their banks, depending on the guarantee product used in connection with an export transaction. Lower risk gives the parties incentive to sign a contract and increases exporter competitiveness.
Below you will find an overview of guarantees we issue to the exporter, the buyer and/or their banks. If you need help identifying your needs, try our Product guide.
The application process includes a four-step explanation of our requirements and how the guarantee application is processed and followed up.
Loan guarantee for export-related investments in Norway
GIEK can provide a guarantee to a bank that finances a company’s investment in Norway. The investment must directly or indirectly lead to export.
Buyer credit guarantee - for export contracts
Norwegian export contracts are quicker and easier to negotiate when the buyer receives help to debt-finance the purchase. GIEK’s buyer credit guarantee can be used with a loan from Norwegian and foreign banks or Export Credit Norway.
Domestic ship guarantee
Through the ship guarantee scheme for financing ships from yards in Norway to be used in Norway, GIEK mitigates risk for banks and other financial institutions. The ship guarantee secures repayment of the loan from the buyer.
Bond guarantee
In some cases a Norwegian company may be asked to provide a bank guarantee to its foreign customers. The bank guarantee may cover actual delivery, advance payment or other risks the buyer takes. This is called a bond guarantee. The bank issuing bond guarantees on behalf of an exporter may apply risk sharing with GIEK. The bank can help the exporter by applying to GIEK for risk mitigation. In cases where the exporter has a continuing need for such guarantees, the bank can seek a framework agreement with GIEK.
Contract guarantee
This guarantee protects the exporter from suffering losses during the production period as a result of contract non-fulfilment by a foreign buyer.
Investment guarantee
This guarantee facilitates Norwegian investment in countries with high political risk. The guarantee may cover either equity or loans.
Letter of credit guarantee
Ensures money transfer between the buyer’s and the exporter’s bank. Mitigates risk for the bank and indirectly for the exporter.
Power purchase guarantee
Guarantees payment in connection with major contracts for the purchase or sale of electric power.
Production loan guarantee
This guarantee can be provided to Norwegian exporters that need financing of production costs linked to a specific export contract.
Supplier credit guarantee
This guarantee ensures that the exporter receives payment for sales on credit to a foreign buyer.
Tender guarantee
This guarantee reimburses the expenses of Norwegian companies that engage in competitive tendering for aid-funded projects in developing countries.
Questions related to the application process?
Send an email to garanti@giek.no or call +47 22 87 62 00.
Contact
