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.

Cover facilities are available under a revolving ceiling in the amount of EUR 50 million with a limit on the size of the individual transaction of EUR 5 million; careful examination to determine the eligibility for cover.
Transactions which are financed with a tied buyer loan are not booked against the ceiling until the loan agreement is also concluded (“first come, first served basis”).
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.

As a rule, 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).