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LCI - The Lebanese Credit Insurer (LCI)

Key facts

  • Established in 2001
  • Ownership: Private
Not Part of the OECD Part of the Berne Union

Latest update: 03/12/2021

Products

  • Trade credit insurance
  • Other products

Trade credit insurance


  • Covers suppliers engaged in manufacturing, trading companies, and service providers against the risks of non-payment of accounts receivable with local and foreign buyers
  • Risks covered:
    - Commercial risk
    - Political risk
    - Pre-shipment risk: Losses that may occur during the production period prior to delivery—these losses can be a result of the buyer not fulfilling his end of the contract due to bankruptcy, insolvency, or political events"
  • Other financial modalities:
    - Extended short-term credit insurance: Covers the sales or the financing of vehicles or machinery to companies with monthly installments up to 36 months
    - Excess of loss: Client retains a percentage or amount of the risk up to a limit determined in advance, and the insurer pays the remaining amount of the claim above that limit up to a specific sum"


Other products


  • Debt collection
  • Credit information
  • Data analysis
  • Credit and insurance advisory


Performance highlights

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