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Brief information on Cuba

Flag Cuba

 

Short-term Cover facilities are available under a revolving ceiling in the amount of EUR 20 million. Only specific transactions having a contract value of up to EUR 0.5 million will be covered. Cover cannot be granted for transit or other foreign goods unless they are subcontracted supplies.
Medium/long-term Cover facilities are available under a revolving ceiling in the amount of EUR 40 million with a limit on the size of the individual transaction of EUR 4 million; careful examination to determine the eligibility for cover.
Transactions which are financed with a tied buyer loan are not booked against the ceiling until the loan agreement is also concluded (“first come, first served basis”).
In addition, cover is available for project financed and other structured finance deals, where necessary based on countertrade transactions.
Collateral As a rule, bank security is required.
Country risk category 7

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 Cuba (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).

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The senior country advisers for Cuba will be pleased to answer your questions

  • on single transaction cover: Mr Jens Kruse, phone: +49 (0) 40 / 88 34 - 90 89
  • on revolving and wholeturnover cover: Mr Matthias Holst, phone: +49 (0) 40 / 88 34 - 90 54
  • on economic analyses: Ms Corinna Dietsche, phone: +49 (0) 40 / 88 34 - 92 16

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