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Pre-shipment guarantee

​A pre-shipment guarantee covers the loss you sustain if you are prevented from completing a specific contract with a foreign buyer, either because the buyer defaults on the contract or because political conditions in the buyer's country prevent delivery of your products. The guarantee provides cover until you have issued an invoice for the order.

What is Pre-shipment guarantee?

​A pre-shipment guarantee is a type of insurance cover under which EKF pays compensation if a company is prevented from filling a specific export order as contracted.

The guarantee covers the expenses you incur until you have supplied the products and invoiced the buyer. As such, the guarantee does not cover the buyer's payments or your profit.

Your company's delivery might for example be prevented by unrest in the country, an import ban or other intervention by the authorities in the country that prevent you from delivering the products. The guarantee provides cover, until delivery is made, for unwarranted cancellation of the contract by the buyer during your production period.

EKF
Dahlerups Pakhus
Langelinie Allé 17
2100 Copenhagen
Denmark
T: +45 35 46 61 00
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