Confiscation Risk Cover
Extended cover for exporters
We assist you right from the beginning
You would like to insure the risk of confiscation in connection with the cross-border supply of goods? That is possible with our Confiscation Risk Guarantee.
Good to know: You will receive a premium indication in the course of the online application procedure, i.e. before submitting a formal application for cover.
Confiscation Risk Cover at a glance
German export firms
Payment terms of the covered transactions
- Short-term (up to two years)
- Medium/long-term (two years and longer)
Confiscation risk cover mainly offers protection against the loss of or damage to the goods for political reasons
- Confiscation risk cover including cover of conversion/transfer risks (e.g. conversion stocks)
- Confiscation risk cover excluding cover of conversion/transfer risks (e.g. bonded warehouses/trade fair stocks)
- Revolving confiscation risk cover including cover of conversion/transfer risks
- Revolving confiscation risk cover excluding cover of conversion/transfer risks
If cover of conversion/transfer risks is included, the conversion and transfer risks relating to amounts which have been paid or deposited for goods removed from the stocks is covered in addition.
A fixed percentage depending on the form of cover and, as the case may be, specific processing fees
- 5% for political risks
How does confiscation risk cover work?
Confiscation risk cover enables German exporters to insure the typical risks arising in connection with transactions abroad where it is not yet clear whether the goods will actually or finally be sold abroad when they cross the border (e.g. delivery to consignment stock or purchase on trial basis) or where a sale is not intended in the first place (e.g. delivery to a bonded warehouse or trade fair stocks).
Applying for confiscation risk cover
You can apply quite easily for this product online in the myAGA customer portal. Please submit your digital application there in order to apply for cover for your export transaction under Confiscation Risk Guarantee. For this purpose please register once and comfortably with just a few steps in our myAGA customer portal. If you already use myAGA, you can log on directly with your access data.
If you need assistance with the application or if you have any questions regarding the appropriate product, please do not hesitate to contact our business consultants.
Do you have any additional questions regarding confiscation risk cover?
Our experts will be pleased to answer any questions regarding confiscation risk cover and will guide you step by step through the application process if desired. Please do not hesitate to contact them.