Sri Lanka Export Credit Insurance Corporation

SLECIC Reaches Out to Support Logistic Industry

Sri Lanka Export Credit Insurance Corporation (SLECIC) extends its support to the Logistic Industry by introducing tailor-made products to the following business categories:

Non-Vessel Operating Common Carriers (NVOCC)

Feeder Operators

Airline / Shipping Line Agents

Freight Forwarders

Secure Trade Financial Need for Logistic Industry

Logistic Industry is the invisible backbone of the International trade, however they have been struggling to secure sufficient trade finance capital. Recognizing this critical need, SLECIC has introduced an innovative solution: the Export Performance Guarantee which provides much needed financial needs and thereby unlocking new growth avenues for Sri Lanka’s export sector.

This particular Export Performance Guarantee mitigates banker’s exposure in case the logistic industry fails to meet their contractual obligations or due performance. Furthermore, SLECIC offers Export Performance Guarantee at an affordable premium rate on the permitted limit of the guarantee.

Benefits for the Trade

Reduction in Collateral

No more blocking of capital as deposits for the collateral for bank guarantees.

Mitigation of Risks for Banks

SLECIC’s guarantee protects the banks in case their clients fail to meet their contractual obligations or due performance.

Improved Credibility

SLECIC’s guarantee assures terminal operators, Feeder Operators, and Shipping Line Agents’ ability to meet contractual obligations, making it easier to secure contracts.

"By adopting this new guarantee a large sum of deposited money would be released to the economy creating new investments opportunities which will in return pave the way to economic growth. Furthermore, it strengthens the financial needs of the freight forwarding industry as a whole, creating a more robust foundation for the entire Sri Lankan export landscape."

— Mr. Senarath Devendra
(Former Chairman & Managing Director of SLECIC)

For more information or to apply for the Export Performance Guarantee:

011 230 7519 011 230 7523 inquiry@slecic.lk

Export Performance Guarantee