Extended state support for short-term business

The European Commission decided to widen the scope for state export credit guarantees to include export business on short payment terms (up to 24 months) with EU and selected OECD member states. The Federal Government pressed for the exemption from the Short-term Export-credit Insurance Communication now published as part of its protective shield for the economy and implements it with immediate effect in favour of the German export industry.

The exemption applies to all 27 EU member states as well as Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland, the USA, the United Kingdom and their affiliated territories and, for the time being, was limited until 31 March 2022.

Please find information on your options to protect your export business, the application procedures and contacts at Euler Hermes on this page.

Does your transaction qualify for cover?

Export Credit Guarantees help you minimise payment default risks.

Hermes Cover helps in particular small and medium-sized companies to protect themselves against the risks involved in an export transaction.

You as exporter can inquire with the Federal Government about the possibility of cover already before signing an export contract. Such a non-binding, on-line inquiry can be submitted online and is free of charge.

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Our products for your export transactions

Exporters | Revolving transactions

Wholeturnover Policy (APG)

Credit periods of up to 12 month

Accounts receivable arising from repeated export transactions amounting to a coverable turnover of at least EUR 500,000 – several buyers, several countries

Wholeturnover Policy light (APG-light)

Credit periods of up to 4 months

Accounts receivable arising from coverable turnover from repeated export transactions – several buyers, several countries

Revolving Supplier Credit Cover

Credit periods of up to 12 months (24 months in exceptional cases)

Accounts receivable arising from repeated export transactions – one buyer, one country

Exporters | Single transactions

Hermes Cover click&cover EXPORT

Credit periods of up to 24 months

Accounts receivable arising from a single export transaction

Leasing Cover

Credit periods of up to 24 months

Accounts receivable arising from a single export transaction

Supplier Credit Cover

Credit periods of up to 24 months

Accounts receivable arising from a single export transaction

Exporters | Supplementary / additional cover

Counter-Guarantee

Credit periods of up to 24 months

To supplement contract bond cover and protect the guarantor; it significantly reduces the risk that recourse against the exporter might be unsuccessful.

Constructional Works Cover

Credit periods of up to 24 months

Accounts receivable arising from a single export transaction

Confiscation Risk Cover

Credit periods of up to 24 months

Basically protection against loss or damage of the goods for political reasons

Banks | Revolving transactions

Revolving Buyer Credit Cover

Credit periods of up to 12 months (24 months in exceptional cases)

Receivables arising from loans to finance regular export transactions with one buyer

Banks | Single transactions

Hermes Cover click&cover BANK

Credit periods of up to 24 months

Receivables arising from a single export transaction

Buyer Credit Cover

Credit periods of up to 24 months

Receivables arising from a single export transaction

Leasing Cover

Credit periods of up to 24 months

Receivables arising from a single export transaction

Banks | Supplementary / additional cover

Credit Confirmation Risk Cover

Credit periods of up to 24 months

Receivables arising from documentary credits granted to finance a German export transaction, in particular confirmed letters of credit and irrevocable purchase commitments

Counter-Guarantee

Credit periods of 24 months

To supplement contract bond cover and to protect the guarantor; it significantly reduces the risk that recourse against the exporter might be unsuccessful.