Insuring export business as exporter/bank
Ship financing requires customized cover as basis of competitive financing schemes for German shipyards and their suppliers. The flexible solutions available within the framework of Hermes Cover make cover both of new ships (e.g. passenger ships, container vessels, oil tankers and product tankers, roll-on-roll-off ferries, etc.) and, for example, the conversion of an existing ship possible.
To cover ship financing Supplier Credit Guarantees and/or Buyer Credit Guarantees are used. Besides, a combination with other forms of cover (e.g. manufacturing risk cover, contract bond cover, Counter-guarantees) is possible.
- Supplier credit cover: German export firms from the shipbuilding industry
- Buyer credit cover:
- German banks
- German branch offices of foreign banks
- Foreign banks (under certain conditions)
Payment terms of the covered transactions
Medium/long-term (up to 12 years)
Premium is calculated according to specific rules (details will be provided on request).
- Under supplier credit cover
- 5 % for political risks
- normally 15 % for commercial risks; for a limited period of time until the end of 2016 the uninsured portion can be reduced upon application to 5 % against the payment of a premium surcharge.
- Under buyer credit cover 5 % for all risks
For advice please contact
Peter Ahlbrecht, phone: +49 (0) 40 / 88 34 - 95 72
Wolfgang Knur, phone: +49 (0) 40 / 88 34 - 95 17
Thomas Pfennig, phone: +49 (0) 40 / 88 34 - 95 73
Dynamic application form for exporters – under "Lieferantenkreditdeckung" (German version only, 829 KB)
Barrier-free (static) application from for exporters – under "Lieferantenkreditdeckung" (German version only, 1.78 MB)
Dynamic application form for banks – under "Finanzkreditdeckung" (German
version only, 846 KB)
Barrier-free (static) application form for banks – under "Finanzkreditdeckung" (German version only, 1.78 MB)
Attachments to the application, such as the form "Combatting bribery in respect of business transactions covered by Federal Export Credit Guarantees" or the Letters of Undertaking, are integrated into the form. Letter of Undertaking – Explanations and FAQs can be found under "downloads" and the heading "Attachments to an application".