Norwegian financing is a powerful instrument for winning important contracts. We offer different solutions tailored to our customers’ specific needs:

Export financing

  • Financing for capital goods and services due to be exported to customers outside Norway. The scheme is also open to Norwegian purchasers of equipment and services destined for ships and mobile units constructed abroad.
  • Export Credit Norway can provide a loan totalling up to 85% of the export contract value.
  • The loan period may be up to 18 years, depending on the type of project.
  • All loans must be guaranteed by GIEK and/or a bank (or banks). The guarantees cover Export Credit Norway’s risk of losses if the borrower is unable to service the loan.
  • Export Credit Norway and GIEK operate a joint application process for loans valued at less than NOK 100 million, meaning that applicants only have to apply to one of the two organisations.
  • If an export contract is valued at less than NOK 50 million, the exporter may choose to cover the loan risk that is not covered by a guarantee from GIEK itself, instead of through a bank guarantee.
  • The export financing application comprises two parts: one to be completed by the exporter (part 1) and one to be completed by the purchaser (part 2). The two parts do not have to be completed in any particular order, but it is vital that one of the parties submits its part before the export contract is entered into.
  • On application, Export Credit Norway can issue an outline of financing for use in export sales initiatives.
  • Necessary credit assessment does not begin until the purchaser (i.e. the borrower) has submitted its part of the application and all necessary documentation.

Domestic ship financing

  • Financing for ships with a gross tonnage of more than 100 tonnes that are due to be constructed at a Norwegian yard for a Norwegian purchaser and are destined for use in Norway.
  • Financing is also available for major rebuild contracts (for ships with a gross tonnage of more than 1,000 tonnes).
  • Export Credit Norway can provide a loan totalling up to 80% of the value of the yard contract.
  • The loan period may be up to 12 years.
  • All loans must be guaranteed by GIEK and/or a bank (or banks). The guarantees cover Export Credit Norway’s risk of losses if the borrower is unable to service the loan.
  • Only one of the parties has to apply – either the supplier/yard or the purchaser/shipping company. The application must be submitted to Export Credit Norway before the contract is entered into.
  • After an application is received and processed, one of Export Credit Norway’s customer advisers contacts the applicant with an indicative outline of financing.

What do I need to know before applying?

The next step is to decide which of our financing solutions you wish to apply for.

Read application FAQs here.