The Sri Lanka Export Credit Insurance Corporation (SLECIC), which provides protection to exporters against non-payment risks in international trade and supports the growth and stability of Sri Lanka’s export sector, continues to play a pivotal role in safeguarding exporters against global trade risks. Through its risk mitigation services, SLECIC enables exporters to expand confidently into international markets while maintaining financial security.

Delivering on its promise to stand by exporters, SLECIC recently settled an export claim in favour of M/s Sunfrost (Pvt) Ltd, a subsidiary of the Hayleys Group, following a prolonged payment default by a buyer in the United Arab Emirates relating to a cinnamon export transaction. The claim was processed and settled after thorough assessment, ensuring that the exporter’s financial exposure from the non-payment was effectively mitigated.

The cheque was formally handed over by Prof. (Dr) Aruna Shanthaarachchi, Chairman and Managing Director of SLECIC, to representatives of the Hayleys Group.

Senior officials from SLECIC who were present at the occasion included Mr. M.R.U.I. Subasinghe, General Manager; Mr. Mohan Silva, Deputy General Manager – Operations; Mr. Manjula Wickramasinghe, Assistant General Manager – Claims and Recoveries; and Ms. Shama Selvaratnam, Assistant General Manager – Marketing.

This settlement serves as a powerful testament to SLECIC’s critical role in mitigating export risks and enabling Sri Lankan businesses to trade with confidence across international markets. At a time when global trade uncertainties continue to challenge exporters, SLECIC’s support mechanisms provide a vital safety net against non-payment risks. As Sri Lanka intensifies its focus on export-led growth, SLECIC remains steadfast in its mandate—protecting exporters, strengthening trade resilience, and fostering greater confidence in the nation’s export sector.