Maximum Shipment Amount is 26 Million USD
Maximum Payment Period is 6 Months
Guarantee Percentage is 90%
Encouraging Jordan exports and supporting national products by providing insurance against the risk of non-payment by buyer for the goods and commercial and non-commercial risks.
The credit insurance covers:
Non-payment by the buyer, insolvency of the buyer, and the refusal the buyer to accept the shipped goods.
Government restrictions on currency conversion, any government decisions & regulations that prevent entry of goods, and wars and civil disturbance.
- Enables the Jordanian exporters to grow their export sales to foreign markets that they work with, without the need for L/C’s or advance payment, by providing payment facilities to face competition among foreign vendors.
- Our insurance policy is considered as a guarantee tool (loss payee) for the Jordanian banks, which enables the policyholder to discount the invoices at his bank in order to maintain liquidity.
JLGC is one of the entities participating in the Jordan Industry Development and Support Fund, and it manages the Export Credit Guarantee Program.