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Date: 22.11.2011 recommend page to others | print preview
Brief information on Algeria
| Short-term | There are no formal restrictions on cover. |
|---|---|
| Medium/long-term | There are no formal restrictions on cover. |
| Collateral | As a rule, for short-term transactions irrevocable letters of credit opened prior to the commencement of risk are required. This requirement may be waived if the buyer’s creditworthiness is adequate. (Please check, however, whether local regulations provide for the opening of a letter of credit.) As a rule bank security is required for medium/long-term transactions. |
| Country risk category | 3 |
No responsibility is taken for the correctness of the information provided
More detailed information on the cover policy can be found in all
articles of the AGA-Report
on Algeria (German version only) and country information
on commercial practices, business climate, market analyses, law,
import procedures, customs duties can be found on the 
website
of Germany Trade & Invest (gtai).
The senior country advisers for Algeria will be pleased to answer your questions
- on single transaction cover: Ms Sissi Gerstenkorn, phone: +49 (0) 40 / 88 34 - 95 49
- on revolving and wholeturnover cover: Mr Holger Ehrich, phone: +49 (0) 40 / 88 34 - 90 26
- on economic analyses: Mr Martin Schmerbach, phone: +49 (0) 40 / 88 34 - 90 80