The scope of this scheme is the insurance of export credits to be repaid in the Medium Term (2-5 years) or Long Term (more than 5 years) against political and commercial risks. Due to the long period of the credit, it entails the export of intermediate goods, quasi-capital goods, capital goods and services and even complete plants and factories.

T he insurance procedure is very short and simple . The exporter fills out the insurance application form which is reviewed by the Medium-Long Term Underwriting and Special Contracts Department. Since the exporter has to apply to ECIO as soon as possible and before the finalisation of the export contract, the procedure for the insurance coverage includes two stages. Initially, there is a "provisional" approval by the Board of Directors. At a second stage, after the review of the export contract and all related documents there is the final approval.