Product overview for exporters
All forms of cover for your foreign business at a glance.
Several export transactions / Wholeturnover Policies
foreign buyers in one or more countries.
Revolving Supplier Credit Cover
Supplier credit cover enables German exporters to insure trade receivables arising from a single export transaction (delivery of goods or rendering of services).
Protection against payment default arising from recurring export transactions – one buyer, one Country
- Short term: up to 12 months credit period, in exceptional cases up to 24 months
Wholeturnover Policy (APG)
The Wholeturnover Policy (APG) is a cost-effective and easily manageable tool for German exporters repeatedly supplying goods and/or services to several buyers in different countries to insure short-term receivables (credit terms of up to 12 months). The policy period is one year and about two months before the expiry the exporter will receive a renewal offer.
Protection against payment default arising from repeated export transactions amounting to a coverable turnover of at least EUR 500,000 – several buyers, several countries
- Short term: up to 12 month credit period
Wholeturnover Policy light (APG-light)
The Wholeturnover Policy Light (APG-light) is a cost-effective and easily manageable tool for German exporters supplying goods to several buyers in different countries to insure short-term receivables (credit terms of up to 4 months). The policy period is one year and it will be automatically renewed if notice of termination is not given in due time.
Protection against payment default arising from overable turnover from repeated export transactions – several buyers, several countries
- Short term: up to 4 month credit period
Export transaction with one buyer
Hermes Cover click&cover EXPORT
Hermes Cover click&cover export enables German exporters to quickly insure trade receivables from a single export transaction (delivery of goods or rendering of services) online where straightforward export transactions are concerned.
Due to the fast processing, especially in the SME segment, this type of cover is only offered for standardised transactions. Basically, it is available for transactions in countries classified in risk categories 1 – 5 and with credit periods of up to 5 years.
Protection against payment default arising from single export transactions
- Short term: up to 24 month credit period
- Medium/long term: up to 5 years credit period
Supplier Credit Cover
Supplier credit cover enables German exporters to insure trade receivables arising from a single export transaction (delivery of goods or rendering of services).
Protection against payment default arising from single export transactions
- Short term: up to 24 month credit period
- Medium/long term: credit periods 2 years and longer
Supplementary cover
arise from the export transaction.
Contract Bond Cover
By taking out contract bond cover, a German exporter may insure himself against the politically occasioned or unfair calling of a bond required by the foreign buyer to ensure the exporter’s satisfactory performance of the contract.
Protection against certain guarantee claims of the buyer under the contract
Counter-Guarantee
(as applicant)
The Counter-guarantee complements a Contract Bond Guarantee and thus cannot be used independently. It enables German exporters to ease the pressure on their credit lines. Especially small and medium-sized companies can enhance their liquidity with it.
Protection against recourse claims by financing institutions.
Specific export cover
from project financing or structured finance schemes.
Promotion of climate-friendly exports
Global climate change is one of the biggest challenges that lie ahead in the coming years. The Federal Government supports the further development and transfer of climate-friendly, efficient high-tech products also by means of initiatives in the field of export promotion.
Special requirements / Protection against bad debt losses through improved conditions
- Up to 22 years credit period
- Inclusion of up to 70 % foreign content
