Who can apply?

GIEK issues the guarantee to the Exporter's bank or other financial institution. The bank therefore sends the application to GIEK.

 

What does the guarantee cover?

GIEK’s guarantee normally covers up to 50 per cent of the bank/financial institution’s risk.

For bonds up to NOK 10 million, GIEK may consider covering up to 70%.

The following bond guarantees are issuable:

  • Tender guarantee
  • Advance payment guarantee
  • Performance guarantee
  • Warranty bond

GIEK can also provide risk mitigation of unfair calling on the bond guarantees.

 

How does it work?

 

Bond guarantees

 

How much does it cost?

GIEK charges the same risk premium as the bank.

An extra guarantee premium is charged for coverage of unfair calling on the bond guarantee.

 

Apply here: Bond guarantee application form.

Do you want to be prepared before you begin the application process?
We have collected all the questions you will get during the application process:
Bond guarantee.

FAQ about the application forms.

Questions about bond guarantees?

Astrid Etienne

Senior Vice President / Head of Team