EDC Advance Payment Insurance (CapEx)
“Export Development Canada (EDC)”
The funder does not disclose this information
Maximum Eligible Amount
Government Grant
Fund Type
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.
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