Etihad Credit Insurance (ECI): Who Qualifies and What You Get
Learn how Etihad Credit Insurance protects UAE-based exporters against the risk of international buyers failing to pay for goods or services.
Etihad Credit Insurance (ECI) provides specialized protection for businesses to safeguard their international sales against the financial risk of non-payment.
Who it's for
This scheme is designed specifically for exporters who are based in the United Arab Emirates. It is built to support local businesses as they navigate the complexities of selling goods and services to clients located outside of the country.
What you get
When you engage in international trade, you face the risk that a foreign buyer may fail to fulfill their payment obligations. This insurance provides a safety net by offering coverage against such non-payment. By securing this protection, exporters can pursue new business opportunities and scale their operations with greater confidence, knowing they are insured against the risk of international buyers failing to pay for their goods or services.
What it costs you
Using this insurance is not free. To maintain your coverage, you are required to make premium payments. The specific amount you are required to pay is not a fixed rate for everyone; instead, it is calculated based on your individual risk profile. This means the cost of your insurance will depend on the specific nature of your business and the risks associated with your trade activities.
The catch to know
It is important to understand that this insurance does not offer universal coverage for every single transaction worldwide. The protection is limited to specific international markets. Before you rely on this scheme to cover a new sale, you must verify that the specific country or market where your buyer is located is included under the current coverage terms.
How to apply
- Determine your current level of exposure to international buyers and identify which sales require protection.
- Visit the official website to review the list of supported international markets to ensure your buyers are covered.
- Prepare your business information to help the provider assess your specific risk profile.
- Complete the formal application process and submit the required details through the official portal.