Preconditions for Export Credit Insurance
The economic and political conditions in the country of the
ordering party must be sufficiently stable
A special country rating is used to classify the risk
level. Furthermore there are additional decisions regarding country
conditions which take into account the political requirements in
order to provide information about the current coverage options in
the relevant country.
Requirements for the sales contract
The product being purchased must be predominantly of
German origin. An agreement on customary terms of payment must be
included in the sales contract and the coverage application
must be submitted before conclusion of the sales contract.
Requirements regarding financing
Standard financing for our machines usually runs for a
maximum of five years, a longer term is possible for larger
investments. A minimum down payment of 15 percent of the total
purchase price is required.
Creditworthiness of buyer
The foreign buyer must have an adequate credit rating. In
individual cases, the credit insurance might demand an additional