Maximum Shipment Amount is 30 Million USD
Maximum Payment Period is 6 Months
Guarantee Percentage is 90%
Program Objectives:
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:
Commercial risks:
Non-payment by the buyer, insolvency of the buyer, and the refusal the buyer to accept the shipped goods.
Non-commercial risks:
Government restrictions on currency conversion, any government decisions & regulations that prevent entry of goods, and wars and civil disturbance.
Program Advantages:
- 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.
Industry Development Fund
JLGC is one of the entities participating in the Jordan Industry Development and Support Fund, and it manages the Export Credit Guarantee Program.
The program aims to facilitate companies access to finance and supporting national exports. For more information :
- Visit the fund website https://industrialfund.jo/
- Read the program Enviromental & Social Management Policy https://www.jlgc.com/uploads/2024/11/esms-for-jlgc.pdf
You can also submit your Compalints and Suggestions via https://www.jlgc.com/en/complaint-suggestion or send email to the program contact point [email protected]
