There are no formal restrictions on cover.
Cover facilities for transactions with longer credit terms are available for smaller, foreign-exchange generating projects of private buyers.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.
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 can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).