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Brief information on Liberia

Flag Liberia

 

Short-term Cover facilities are available for transactions with credit periods of up to 90 days and contract values of up to EUR 250,000 if the foreign buyer is an affiliated company or a company which belongs to an international group the creditworthiness of which is beyond doubt or if informative information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover without collateral.
Under wholeturnover policies cover will be automatically suspended for future deliveries if payment is not received eight weeks after the agreed due date at the latest.
Medium/long-term As a rule, there are no cover facilities; smaller, foreign exchange-generating transactions with private buyers can be submitted for an examination.
In addition, cover is available for project financed and other structured finance deals, where necessary based on countertrade transactions.
Collateral For short-term transactions collateral is not normally required.
For medium and long-term transactions bank security is required if the foreign buyer’s creditworthiness is inadequate.
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 Liberia (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 Liberia 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

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