One unpaid invoice can mean the difference between profit and loss

Selling Ocean Tech products and services outside of Canada? EDC Credit Insurance covers 90% of your insured losses against a variety of risks.

Why you need credit insurance

Make sure you get paid

Our credit insurance protects you against an array of risks including customer bankruptcy or non-payment, contract cancellation, issues with currency conversion or transfer, and more.

Get access to more cash

With credit insurance protection, your bank will typically lend against your insured invoices for 90% of their value, significantly increasing your access to cash.

Grow your business

Insuring your export sales allows you to offer more competitive payment terms to win contracts in international markets, without the risk.

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Discover which credit solution is right for your ocean-based business

Whether you want the security of knowing a few or many of your sales are protected against non-payment, we have the credit insurance solution that’s right for you.

EDC Portfolio Credit Insurance

Ongoing coverage for active exporters

Ideal when:

  • You have consistent export sales
  • You want to insure an unlimited number of customers
  • You need flexible coverage with more policy options
  • You need to cover pre-shipment costs in case of contract cancellation

Ocean Tech innovators make global waves with EDC

Working with EDC has helped us fund new projects and new products and allowed us to enter new markets.

Greg Reid  —  CFOKraken Robotics

Still have questions on credit insurance?

Please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-888-220-0047

Or send us an email and we’ll get back to you as soon as possible: Send a question.

About Export Development Canada

EDC helps Canadian companies go, grow and succeed in their international business. As a financial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge and matchmaking connections to help Canadian companies sell and invest abroad.