Institution details
LCI - The Lebanese Credit Insurer (LCI)
Key facts
- Established in 2001
- Ownership: Private
Not Part of the OECD
Part of the Berne Union
- Sodeco Square Bloc B, 15th floor, Damascus Road
- +961 1 615 616
- https://www.lci.com.lb
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | B- |
Country rating | S&P | Local currency | B |
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
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short-term | Comprehensive | 90% |