Our Policies

Comprehensive Cover Policy

Comprehensive Cover Policy

The Comprehensive Cover Policy (CCP) is a Policy designed for Hong Kong exporters and manufacturers. The Policy provides cover not only for all your export business on credit terms with goods shipped from Hong Kong, but also those transported directly from suppliers'' countries to their destination without passing through Hong Kong. ECIC provides cover for such transactions under the Comprehensive Cover Policy (CCP) as long as you are the principal in the contract of sale. All protection commen...

Contract Cover Policy

Contract Cover Policy

The Contract Cover Policy (CTP) is a Policy designed for Hong Kong exporters and manufacturers. The Policy not only provides the pre-shipment cover for your export business on credit terms or under payment terms of irrevocable letter of credit (ILC), but also provides the post-shipment cover for your export business on credit terms with goods shipped from Hong Kong and those transported directly from suppliers'' countries to their destination without passing through Hong Kong. ECIC provides c...

Bank Policies

Bank Policies

The Comprehensive Cover Policy (CCP) and Export Finance Insurance Policy (EFIP) are the Policies designed for Hong Kong financial institutions. All protection commences from the date of shipment. CCP: In relation to the contracts of sales, the financial institution must have made a Receivables Purchase Agreement with the Exporter. EFIP: The financial institution must have provided the Exporter with post-shipment finance. Major Benefits Percentage of Indemnity as high as 90% Cr...

Small Business Policy

Small Business Policy

The Small Business Policy (SBP) is tailor-made for exporting companies with an annual turnover of less than HK$50 million, covering contracts of sale they have with their overseas buyers. The SBP provides a range of flexible arrangement to assist Hong Kong exporters in developing overseas markets. Major Benefits Annual policy fee waiver Premium discount of 20% Covers pre- and post-shipment risks with maximum liability up to HK$10mn Shortened waiting period for claim paym...

Comprehensive Services Policy

Comprehensive Services Policy

Scope of Cover The Comprehensive Services Policy (SSP) is a Policy designed for Hong Kong companies providing services to overseas clients.  All services rendered which require payment by the client within a period of not exceeding 180 days after the completion of services rendered are covered. Major Benefits Percentage of Indemnity as high as 90% Credit Risk Assessment Collateral for Financing Sharing up to 90% of Your Expenses for Pu...

Freight Forwarding Services Policy

Freight Forwarding Services Policy

Scope of Cover The Freight Forwarding Services Policy (FFSP) is a Policy designed for Hong Kong freight forwarding companies. The Policy covers your freight forwarding and related services to overseas clients, local exporters who are carrying on business with customers outside Hong Kong and local freight forwarders who are performing services for Hong Kong exporters. All freight forwarding and related services rendered which require payment by the client within a period of not exceeding 180...

Hotel Services Policy

Hotel Services Policy

Scope of Cover The Hotel Services Policy (HSP) is a Policy designed for Hong Kong hotel operators. The Policy covers your hotel accommodation services contracts with your overseas clients and local clients who are carrying on business with customers outside Hong Kong. All hotel accommodation services rendered which require payment by the client within a period of not exceeding 180 days after the completion of services rendered are covered. Major Benefits Percentage of Indemn...

Testing and Inspection Services Policy

Testing and Inspection Services Policy

Scope of Cover The Testing Inspection Services Policy (TISP) is a Policy designed for Hong Kong testing and inspection companies. The Policy covers your testing and inspection services to overseas clients and local exporters and manufactures who are carrying on business directly or indirectly with customers outside Hong Kong. All testing and inspection services rendered which require payment by the client within a period of not exceeding 180 days after the completion of services rendered ar...

Construction Professional Services Policy

Construction Professional Services Policy

Scope of Cover The Construction Professional Services Policy (CPSP) is a Policy designed for Hong Kong construction professional service providers. The Policy covers your construction design and project management services to overseas clients. All construction design and project management services rendered which require payment by the client within a period of not exceeding 180 days after the completion of services rendered are covered. Major Benefits Percentage of Indemnity as h...

Travel Agent Services Policy

Travel Agent Services Policy

Scope of Cover The Travel Agent Services Policy (TASP) is a Policy designed for Hong Kong travel agents. The Policy covers your travel agent and other related services to overseas clients and local clients who are carrying on business with customers outside Hong Kong. All travel agent and other related services rendered which require payment by the client within a period of not exceeding 180 days after the completion of services rendered are covered. Major Benefits Percentage of ...

Aircraft Services Policy

Aircraft Services Policy

Scope of Cover The Aircraft Services Policy (ASP) is a Policy designed for Hong Kong aircraft engine overhauling providers. The Policy covers your aircraft maintenance service to overseas clients and local clients who are carrying on business with customers outside Hong Kong. All aircraft maintenance services rendered which require payment by the client within a period of not exceeding 180 days after the completion of services rendered are covered. Major Benefits Percentage of Ind...

Advertising Services Policy

Advertising Services Policy

Scope of Cover The Advertising Services Policy (ASSP) is a Policy designed for Hong Kong advertising companies. The Policy covers your advertising services contracts with your overseas clients. All advertising services rendered which require payment by the client within a period of not exceeding 180 days after the completion of services rendered are covered. Major Benefits Percentage of Indemnity as high as 90% Credit Risk Assessment Collateral for Financing Sharing...

Specific Management Services Policy

Specific Management Services Policy

Scope of Cover The Specific Management Services Policy (SMSP) is a Policy designed for Hong Kong management companies. The Policy covers you and your overseas associate’s management or consultation services to overseas clients. All management or consultation services rendered which require payment by the client within a period of not exceeding 180 days after the completion of services rendered are covered. Major Benefits Percentage of Indemnity as high as 90% Credit Ris...

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