Montenegro

There are no formal restrictions on cover.

Cover facilities are available for smaller transactions.
In addition, cover is available for project finance and other structured finance deals, where necessary based of countertrade transactions.
Moreover, cover can be provided on the basis of a state guarantee for individual infrastructure projects of particular economic importance.

Unless the creditworthiness of the foreign buyer is adequate or any foreign parent company that may exist provides collateral in the individual case, a state guarantee or 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).