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Insuring export business as exporter

Supplier Credit Cover

Product at a glance

Supplier credit cover enables German exporters to insure trade receivables arising from a single export transaction (delivery of goods or rendering of services).

Here you will find some practical examples.

Target group

German export firms

Payment terms of the covered transactions

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

Insurable risks

A Supplier Credit Guarantee offers protection against payment default if

  • the foreign buyer becomes insolvent
  • the foreign buyer fails to make payment within 6 months after due date (protracted default)
  • adverse measures are taken by foreign governments or warlike events arise
  • local currency amounts are not converted or transferred
  • goods are confiscated due to political circumstances
  • 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.

Supplementary cover

If required, a Supplier Credit Guarantee can be supplemented with

For advice please contact

Phone: +49 (0) 40 / 88 34 - 90 00
Email: info@exportkreditgarantien.de

Downloads

General Condition for Export Credit Guarantees (G) (German version only; 251 KB)

Supplementary provisions (186 KB) relating to the assignment of Guaranteed Amounts
amend Art. 19 and 20 of the General Conditions (ECG/BCG/P/PL) as well as Art. 17 of the General Conditions (FG)

Product Information Supplier Credit Cover (217 KB)

Application for an Export Credit Guarantee (German version only) (935 KB)
Application for an Export Credit Guarantee (German version only) (357 KB)

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