Government Grant
EDC Advance Payment Insurance (CapEx)
Canadian companies are often asked to pay international and Canadian suppliers up front for capital and quasi-capital goods. When the supplier can’t fulfill their obligation and can’t return any advance payments made before shipping, EDC Advance Payment Insurance (CapEx) covers up to 90% of your financial losses.
- 4.5/5.0
- Export Development Canada (EDC)
- All levels
- Last updated 3 years ago
- English
Description
Canadian companies are often asked to pay international and Canadian suppliers up front for capital and quasi-capital goods. When the supplier can’t fulfill their obligation and can’t return any advance payments made before shipping, EDC Advance Payment Insurance (CapEx) covers up to 90% of your financial losses.Here’s what EDC Advance Payment Insurance (CapEx) covers: your supplier becomes insolvent; your supplier unlawfully breaks your contract; you lawfully end your contract; problems with currency conversion and transfer; war and related disturbances; required permits, licences or approvals are cancelled or expire; government declares a halt to paying international debts.