There are no formal restrictions on cover.
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.
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.
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).