Lebanon
Cover Policy
The German government is closely monitoring the situation in the Middle East. Applications for export credit cover for deliveries and services to the affected countries can still be submitted within the framework of the applicable regulations. Existing coverage remains valid.
Short-term Business
There are no formal restrictions on cover.
Medium/long-term Business
Cover facilities are available for private buyers with a limit on the size of the individual transaction of 10 million euros.
As a rule, no cover facilities are available for public buyers, however, transactions having special priority may be covered on a case-by-case basis.
Collateral
If the foreign buyer’s creditworthiness is inadequate bank security is required. State collateral – usually from the Ministry of Finance – may be accepted on a case-by-case basis.
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.
Further Information
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).
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