Additional documents
Product brochure (PDF)
General Terms and Conditions (PDF)
Brochure SERV Compact (PDF in German)
Supplier credit insurance
Cover against default of payment for individual exports.
Insurable risks:
- Political risks such as extraordinary government measures and wartime events.
- Transfer risks such as non-conversion/non-transfer of amounts in the respective national currency.
- Risks of force majeure, unless insurable otherwise under marketable terms.
- Credit risks such as ordering party insolvency or failure to pay invoices within three months of due date (protracted default).
- Inability to fulfil contractual obligations for political reasons, consequently nullifying the exporter's entitlement to compensation for provision of products/services.
- Confiscation of, damage to or destruction of dispatched goods before transfer of risk due to political factors, unless insurable otherwise under marketable terms.
The insured percentage is a maximum of 95 percent for political risks, and 85 percent for financial risks. The SERV ordinance governs exceptions for increasing the financial insured percentage to a maximum of 95 percent.
Version: 14.11.2008