Supplier Credit Cover

Insuring export business as exporter

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).

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

Supplier credit cover 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

As a rule, cover facilities are available for all countries, with the exception of exports on credit terms of up to two years to EU and core OECD member states (i.e. EU member states, Australia, Canada, Iceland Japan, New Zealand, Norway, Switzerland, United Kingdom and USA); for a limited period of time until 31.12.2021, Export Credit Guarantees of the Federal Republic of Germany are also available for these normally marketable countries. Additional information.

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 (German version only) available

Uninsured portion

5 % for political risks
normally 15 % for commercial risks; for a limited period of time until the end of 2019 the uninsured portion can be reduced upon application to 5 % against the payment of a premium surcharge.