{"id":11902,"date":"2022-04-25T22:50:40","date_gmt":"2022-04-25T20:50:40","guid":{"rendered":"https:\/\/www.altum.lv\/services\/businesses\/export-credit-guarantees\/"},"modified":"2026-04-13T12:57:59","modified_gmt":"2026-04-13T10:57:59","slug":"export-credit-guarantees","status":"publish","type":"page","link":"https:\/\/www.altum.lv\/en\/services\/enterprises\/export-credit-guarantees\/","title":{"rendered":"Export credit guarantees"},"content":{"rendered":"\t\t
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Altum<\/a>-<\/span><\/div>\n

About Export Credit
Guarantees<\/h1>\n\t\t\t\t\t\n \n\t\t\t\t\t\n <\/div>\n <\/section>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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An export credit guarantee enables exporters to secure themselves against the insolvency of a foreign customer or non-payment risks<\/p>\n

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Use State support for exporters – export credit guarantee:<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The guarantee covers buyer\u2019s and political risks<\/p>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Covers the risk of the guarantor of the buyer\u2019s obligations \u2013 bank or buyer\u2019s
associated company<\/p>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Serves as additional security for guarantees or a letter of credit issued by
the buyer\u2019s bank if there are doubts about the bank\u2019s liquidity<\/p>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Serves as a collateral in factoring or for obligations to a bank to secure
financing for other current assets\u00a0<\/p>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Frequently asked questions<\/h2>\n
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\n What is the permissible delay time for making a guarantee payment?\n <\/div>\n
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According to the terms of the ECG agreement, the permissible delay period is 60 days. From the moment of the delay, the exporter is obligated to inform ALTUM.<\/p>\n <\/div>\n <\/div>\n \n

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\n Are there alternatives to export credit insurance, e.g. risk insurance?\n <\/div>\n
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The export credit guarantee can serve as additional security or buyer's insurance for the Bank\/Leasing Company\/Factoring Company in cases where it is unable to cover the risks of buyer insolvency or prolonged non-payment on its own.<\/p>\n <\/div>\n <\/div>\n \n

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\n How is export credit insurance taxed?\n <\/div>\n
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Export credit insurance is not subject to taxes. In cases where the exporter's current tax debts exceed 150 EUR\u00a0 the issuance of the export credit guarantee is denied.<\/p>\n <\/div>\n <\/div>\n \n \n

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Quality feedback<\/div>\n\t\t\t\t