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Guarantee Business

Outline
As MAFC(Machinery Financial Cooperative) is a professional assurance agency established in 1986 under Article 40 of the Industrial Development Law, MAFC carries out the performance guarantee business such as bidding / contract / payment / defect guarantee for capital goods industry, government certified product, root industry of machinery, parts, material and various industrial facilities.
Business Contents
General Warranty
Subject to Warranty
Performance guarantees necessary for the sale or construction of machinery, parts, materials and various industrial facilities
Performance guarantees for R & D and maintenance services, which is necessary for product development and maintenance of members
※ Type of Guarantee : Bid, Contract, Payment, Warranty for defect, etc.
Government certified product warranty
Subject to Warranty : Government-certified products(NEP, GR etc.)
※ Type of Guarantee : Bid, Contract, Payment, Warranty for defect, etc.
Root Industry Guarantee
Subject to Warranty : 6 major root products and products that root technology specialized company produced
Performance guarantee for the delivery & manufacturing of Casting, Molding, Welding, Plastic Processing, Surface Treatment, and Heat Treatment related products
※ Type of Guarantee : Bid, Contract, Payment, Warranty for defect, etc.
Other Support Businesses
Group Property Comprehensive Mutual Aid
Comprehensive security against the risk of property damage such as fire, lightning, disaster of wind & water, explosion, earthquake, theft
Product Liability Insurance
Guarantee the liability for damages caused by product quality or other defects
Group buying of raw material
Supply cheap raw materials to buyers through direct deal (rear plate, etc.)
Insurance of Performance Guarantee
Compensation for damages caused by performance degradation of products certified to public institutions
Support for Copartner
Provide management information, technical information, statistical information
Support for participation in domestic exhibitions, visiting∙participation in overseas exhibitions, and support for participation in market development groups

MAFC