Buyers of Norwegian exports must have a loan guarantor before receiving a loan from Export Credit Norway. In most cases, GIEK is asked. GIEK performs a full credit assessment of the buyer and the transaction. Since a GIEK guarantee results in a loan from Export Credit Norway, the buyer in practice becomes a customer of both Export Credit Norway and GIEK.

 

Which application form should be used? It depends on the industry, the contract amount, and what you are applying for:

Mainland industries – all land-based industries, including land-based aquaculture:   

  • Guarantees and loans for projects under NOK 100 million

    • Send buyer’s joint application to GIEK and Export Credit Norway, and

    • Send exporter’s joint application to GIEK and Export Credit Norway

  • Guarantee only

    • Send buyer’s guarantee application to GIEK, and

    • Send exporter’s guarantee application to GIEK

  • Loan only

    • Buyer or exporter fills out Export Credit Norway’s loan application

Maritime financings – shipping, offshore and other maritime exports, including ship newbuildings, upgrades and retrofits, regardless of the amount:

  • Guarantee

    • Send buyer’s guarantee application to GIEK

    • Exporter(s) will be contacted by GIEK

  • Loan

    • Send buyer’s loan application to Export Credit Norway

  • The buyer or Exporter have to get in dialouge with Export Credit Norway

 

Don't hesitate to contact us if you have questions.