Cuba

Cover facilities are available under a revolving ceiling in the amount of EUR 25 million. Only specific transactions having a contract value of up to EUR 1 million and with credit periods of up to 360 days will be covered. Cover cannot be granted for transit or other foreign goods unless they are subcontracted supplies.

Within the framework of a revolving ceiling of EUR 50 million, there are cover options for individual transactions with order values of up to EUR 5 million (reference value), but only if the transaction is particularly eligible.

In the case of transactions that are financed from a tied financial loan, the ceiling is only credited after the financial loan agreement has also been concluded ("tightened first-come, first-served principle").

There are also cover options for project financing and other structured financing, if necessary on a countertrade basis.

As a rule, bank security is required.

• List of Banks:
  Accepted as guarantor or borrower:
  • Banco Exterior de Cuba
  • For short term transactions only: Banco Nacional de Cuba 

Further information on business practice, economic climate, market analyses, law, customs and import procedures as well as international projects and tenders can be found on the website of Germany Trade & Invest (GTAI).

All information without guarantee.