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Insuring export business as exporter

Export Credit Cover for Service Providers

Product at a glance

With an Export Credit Guarantee for Service Providers a German exporter can insure accounts receivable arising from an export transaction for the rendering of services which are not linked to the export of goods.

Here you will find some practical examples.

Target group

German companies from the service industry

Payment terms of the covered transactions

Short-term (up to 2 years)
Medium/long-term (2 years and longer)

Insurable risks

An Export Credit Guarantee for Service Providers offers protection against payment default, in particular if

the foreign client becomes insolvent
the foreign client fails to make payment within 6 months (protracted default)
adverse measures are taken by foreign governments or warlike event arise
local currency amounts are not converted or transferred
contract performance becomes impossible due to political circumstances

Special features

Limited in time until the end of 2011, cover for Bulgaria, Iceland, Latvia, Lithuania and Romania, in principle classified as marketable risks, is possible. Further information (German version only).

Premium

Single premium calculated as percentage of the order value covered (interest excluded) as well as specific processing fees
For a detailed calculation there is an interactive premium calculator available

Uninsured portion

5 % for political risks
Normally 15 % for commercial risks; for a limited period of time until the end of 2013 the uninsured portion can be reduced upon application to 5 % against the payment of a premium surcharge