General terms and conditions
Eksfin provides export credits and guarantees to overseas buyers of Norwegian exports, including to public entities. Our terms will vary based on risk, type of cover/finance, the Norwegian content/interest, degree of bank participation, export contract value, destination country, etc. Eksfin also needs to comply with international rules. Our terms are based on the same WTO-rules and OECD Arrangement on Officially Supported Export Credit and/or EU/EEA state aid regulations that are used by other export credit agencies.
Limits for Buyer Financing
Long term export related buyer and supplier credits / credit guarantees are governed by the OECD-rules. Below is an overview of the limitations in these rules for certain sectors. Our premium calculator applies to transactions covered by the same rules. The table does not apply to other types of guarantees/insurances.
| Mortgage ratio | Minimum bank participation (or similar) | Maximum repayment period | Repayment structure | |
| Standard terms | 85% of the export contract | 10% – (not required in case of sovereign risk) | 15 years | Equal instalments of principal (some flexibility possible) |
| Renewable energy and climate friendly technologies | 85% of export contract | 10% – (not required in case of sovereign risk) | 22 years (depending on technology) | Equal instalments of principal (some flexibility possible) |
| Ship financing* | 80% of export contract | 10% – (not required in case of sovereign risk) | 12 years | Equal instalments of principal |
*Financing of ships built in Norway and sailing internationally or on the open sea, can also be financed on standard terms.
Export financing to public entities in low income countries
Eksfin respects OECD guidelines on sustainable lending, including the obligation to seek assurances from relevant authorities that our lending is in line with the respective country’s borrowing and development plans, and is within any borrowing limits agreed with the IMF.
With regard to Norwegian financing to developing countries, various development aid schemes are available. Both the Norwegian Investment Fund for Developing Countries (Norfund) and the Agency for Development Cooperation (Norad) can provide financing, including financing through multilateral sources.
Norway never ties development aid to export credits and does not provide concessional loans.