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Insuring export business as exporter

Confiscation Risk Cover

Product at a glance

A Confiscation Risk Guarantee enables German exporters to insure the typical risks arising in connection with transactions abroad where it is not yet clear whether the goods will actually or finally be sold abroad when they cross the border (e.g. delivery to consignment stock or purchase on trial basis) or where a sale is not intended in the first place (e.g. delivery to a bonded warehouse or trade fair stocks).

Target group

German export firms

Insurable risks

Confiscation risk cover mainly offers protection against the loss of or damage to the goods for political reasons

Cover options

  • Confiscation risk cover including cover of consignment/transfer risks (e.g. consignment stocks)
  • Confiscation risk cover excluding cover of consignment/transfer risks (e.g. bonded warehouses/trade fair stocks)
  • Revolving confiscation risk cover including cover of consignment/transfer risks
  • Revolving confiscation risk cover excluding cover of consignment/transfer risks

If cover of consignment/transfer risks is included, the consignment and transfer risks relating to amounts which have been paid or deposited for goods removed from the stocks is covered in addition.

Premium

A fixed percentage depending on the form of cover and, as the case may be, specific processing fees

Uninsured portion

5 % for political risks

For advice please contact

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