Ecuador

There are no formal restrictions on cover.

Cover facilities are available for smaller, high-priority transactions with private buyers.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.
Transactions with public buyers may be covered on a case-by-case basis.

If the foreign buyer’s creditworthiness is inadequate, bank security is required.

The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.

Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties and international projects and tenders can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).