A project delivery guarantee is a form of insurance under which EKF covers any loss your company sustains because it is prevented from completing a project abroad. A project delivery guarantee covers both the period while your company is manufacturing the individual sub-deliveries, and the period until your buyer has paid for the deliveries.
Your company's deliveries might, for example, be prevented by unrest in the country, if an embargo is imposed on exports to the country or if the country's authorities prevent deliveries from being made. The guarantee also covers your loss if the foreign buyer is unable or unwilling to pay for the delivery.
The guarantee can be used, for example, to insure major projects such as construction of roads and port terminals or services such as drawings and design. These are typically projects involving multiple sub-deliveries over the project period, and where the buyer pays for each sub-delivery individually.