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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.

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 combined with funding from Norwegian and foreign banks, or from 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.

Counter 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 counter guarantee.

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.

Tender guarantee

This guarantee reimburses the expenses of Norwegian companies that engage in competitive tendering for aid-funded projects in developing countries.