Euler Hermes Deutschland
Bonding
Cover
Information about Bonds
and Guarantees
Guarantee Insurance
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Euler Hermes
Our knowledge
serving your success.
Our knowledge serving your
success – this is our promise.
Euler Hermes helps your company
to do safe business with reliable
partners all over the world.
Our Bonding Cover, presented to you in this brochure,
gives you room for financial manoeuvre by freeing up
your credit lines. Our bonds and guarantees have a good
name as security with German and international beneficiaries. This product comes to you from an experienced
specialist with a proven track record spanning over
95 years as a partner for companies both large and small.
Euler Hermes stands for reliable management of your outstandings – all over the world. Insurance experts, credit
specialists and state-of-the-art technology ensure that the
edge we have in credit information is constantly growing.
We are present in the most important countries all around
the world with our own business units and associated
companies. With the information we have on these markets
and the companies which trade in them we can calculate
the risks our clients face and provide the cover they need.
Euler Hermes Deutschland, under the aegis of Allianz and
as a legally independent branch of Euler Hermes S.A. in
Germany, is not only specialized in all areas of credit
management. Together with the other products we offer,
such as fidelity insurance, we can provide companies
with a consistent portfolio of cover for greater security.
The hallmark of our approach is to generate the innovative
power to create individual solutions out of solid tradition
and continuity. We combine our global business model
with local know-how, in Germany just as in our international companies. And everyone benefits: whether they
are a small and medium enterprise or a multinational
corporation with worldwide reach.
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Taking the strain off your credit lines
Bonds and guarantees – the flexible
alternative to safeguard your liquidity
A principal looking for a contractor to do a job wants to be certain that
it will be carried out according to his wishes. After all, it can turn out to
be an expensive business if a contractor does not complete the work
on time or fails to deliver badly needed components: precious time is
lost, there are knock-on problems with payment and financial losses.
So it is easy to understand why public works authorities
and companies demand that you as their business
partner put up security when awarding a contract to you.
If your company bankers issue the guarantee in such a
case it puts a strain on your credit line. The danger: the
new contract you have just landed can endanger your
liquidity before you know what is happening.
Euler Hermes is acting as a completely independent
guarantor here. Your advantage: our bonds are generally
accepted by public authorities and in the world of business on a par with bank guarantees from the big banks –
a fact that also helps to create a working relationship of
trust and partnership between you and your contractual
partners
Euler Hermes bonds and guarantees can help you to avoid
this pitfall. They not only take the pressure off your credit
volume with your bank, they give you more room for
manoeuvre in financing and growing your business.
Especially in view of today’s long warranty periods, which
add to the constraints on your financial flexibility, you are
choosing a safe solution if you take the long view and
decide for Euler Hermes bonding cover.
Creating trust through experience and
competence
With a track record of over 95 years expertise in global
bonding, Euler Hermes is one of the most experienced
players in the market. The guarantee that your security is in
good hands with us is provided by independent sources:
Euler Hermes has a first-class rating from leading agencies
and is accredited as a general guarantor for customs and
tax bonds.
We vouch for you with our good name
Under bonding cover, Euler Hermes assumes liability for
you towards third parties for the most varied types of
security – e.g. for your obligations as a contractor under
construction and supply contracts. This can take the
shape of bonds, guarantees or other kinds of surety.
Why not follow the example of many other companies
and benefit from the widespread instant recognition of
our name as well as from fast processing of your bonding
orders. Whether in Germany or internationally, large
corporation or small family business:
Euler Hermes has the product which is perfectly tailored to
your needs.
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Your advantages at a glance
◾ independence from the banks.
◾ relief for your credit line at your bank.
◾ an alternative to discharge retention monies to improve your liquidity
and generate interest income.
◾ in many cases cost savings, since no commitment fee is payable for bonds.
◾ fast processing of bond orders without the hassle of bureaucratic red tape.
◾ professional handling of your bond requests and fast issuance of bonds,
guarantees and surety bonds.
◾ you can call down bonds quickly and safely online via the Internet.
◾ easy-to-understand premiums.
◾ expert, highly competent advice and answers to your questions on all
aspects of the bonding business.
◾ long-standing experience with joint ventures and building consortia,
often as the guarantor for all the consortial partners.
◾ a system to secure the internal liabilities of the companies in a joint
venture towards each other with our own specially developed Euler
Hermes system at favourable conditions.
◾ large-scale consortial business through cooperation with major banks
and big names in business.
◾ a high level of acceptance for Euler Hermes bonds by private sector
and public buyers.
◾ international experience as a surety and guarantor.
◾ Euler Hermes has an excellent investment rating.
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Products tailored to your needs
Euler Hermes bond cover –
as individual as your needs
In bond cover it is the same as in any other kind of business: formalities must be observed – but unnecessary red tape should be avoided
wherever possible.
At Euler Hermes, we focus on the personal contact to every
client to advise him and maintain an ongoing supportive
relationship. A personal visit enables us to find out what
special needs for bond cover you have. Based on this, and
after checking your creditworthiness, we arrange a bond
credit facility for you from which you can call down bonds
when you need them. And because time is money, you can
rely on us processing them fast: standard bonds requested
via the Bonding Online system are issued immediately.
The right solution for every target group
Your annual need for bonds and your company’s creditworthiness decide which of our products is the right one
for you. If you have bond needs in excess of 3.5 million
EUR a year, we will work out individual solutions together
with you. For typical small or medium-sized businesses
with needs up to 3.5 million EUR we have developed a
bond credit facility – an extremely versatile product with
multiple gradations of bonding cover which is ideally
suited to the requirements of SMEs.
A fair and transparent premium system is applied as a
matter of course: the premium we charge depends on the
product chosen, the creditworthiness of your company
and the type of bond.
Our target: a long-term partnership
Our bonding decisions are always taken after due consideration of the facts and the individual factors in your case.
Only personal contact with you and a working relationship
in which each side trusts the other can enable us to find
optimal solutions for your business. Financial transactions
are a matter of trust – and trust needs time to grow. This is
especially true in bond cover, where the reliability of the
relationship to the client over the medium and long term
is an invaluable asset for both sides. Euler Hermes is your
constant partner in bonding – today and tomorrow.
Sonnenstein Castle in Pirna,
completely renovated by
a construction consortium
comprising Bilfinger Berger
Hochbau GmbH, Leipzig
branch and Dreßler Bau
GmbH, Dresden branch.
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A short glossary of bonding terms
Bonding cover is given by assuming a contract bond or giving an
on-demand guarantee. This means that the guarantor – Euler
Hermes – does not make a sum of money available, but “lends”
you its own creditworthiness or status as a guarantor.
When it assumes a contract bond, Euler Hermes takes on the
obligation to pay the client’s liabilities if the bond is called. A
contract bond is always accessory, i.e. its validity lasts as long as
that of the underlying secured liability. If this ceases to exist, so
does the bond. Bonds are used, e.g. to secure construction and
supply contracts, customs liabilities or the payment of duty on
tobacco products and spirits.
A demand guarantee is the obligation to pay out in respect of a
specific economic event in the future. The obligation to pay in the
case of a contract bond is always dependent on an underlying
principal debt; an on-demand guarantee, in contrast, has the status of a valid claim in itself, independent of any other contractual
liability. Demand guarantees are therefore not regulated by statute, they can be freely negotiated. They are generally recognized
and, e.g. in Asia, normal practice.
A surety bond is accessory, like a contract bond – it remains in
force until the underlying contract is fulfilled. Similar to contract
bonds, a surety bond can cover everything from advance
payments to contract performance up to maintenance for
defects discovered during the warranty period. Compared
with the form of contract bond normal in Germany, the
guarantor’s liability is greater in surety bonds, although
without increasing the risk.
The “bonding triangle”
Employer
(creditor, beneficiary)
supply/
service contract
contract
bond
bonding contract/
credit limit
Contractor
(client)
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Euler Hermes
(guarantor)
The guarantor for construction and industry
Bonds for the construction sector and
manufacturing industry
The construction sector and manufacturing industry have always had
a need for bonding products.
Euler Hermes offers bonding cover for companies in these
sectors with a volume of above 3.5 million EUR a year,
tailoring individual solutions for bonds and guarantees
both at home and abroad.
For volumes up to 3.5 million EUR we have developed a
bond credit facility – with a total of 16 bonding profiles
and 6 different premium tariffs.
But whatever the amount in question – our range of bonding products for you is as varied as your requirements:
Bid bonds
in connection with public works tenders, as security that
you as the contractor the work is awarded to will actually
sign the contract and will undertake to perform the work
as contracted.
Advance payment bonds
as security for the repayment of advance payments or
payments made on account.
Supply and service bonds
as security for the obligation you have taken on as contractor to supply goods and services up to the point at which
the object is handed over or accepted.
Performance bonds
to secure the supply of goods and the performance of
services with or without a warranty period. They also
trigger the repayment of warranty retention money, thus
providing immediate liquidity to you as the contractor.
Maintenance bonds
as security that any defects discovered during the warranty
period (4 years under VOB/VOL or 5 years according to
the German Civil Code (BGB) will be repaired. They also
trigger the repayment of warranty retention money, thus
providing immediate liquidity to you as the contractor.
Bonds for joint ventures and consortia
Major construction contracts are often carried out by a
consortium (joint venture) – which involves particular risk
for the companies participating in such a joint venture.
Euler Hermes has long-standing experience of joint
ventures and offers special joint venture bonds for the
construction industry which take account of their needs.
These include arrangements to secure the internal
liabilities of the companies towards each other. Euler
Hermes provides a system at very favourable prices which
avoids charging twice for premium and risk liability.
Secured by a bond from Euler Hermes:
the Herrenknecht S-440, a tunnel drilling
machine used to build the new U4 underground line in Hamburg.
The cruise liner
“Celebrity ECLIPSE”,
built by Meyer Werft
Papenburg, secured by
bonds from Euler Hermes.
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The Flirt train produced
by Stadler Pankow GmbH,
Berlin for the HLBahn
(Hessische Landesbahn),
secured by bonds
from Euler Hermes.
Bonds for importers, carriers,
wholesalers and exporters,
as well as for the food sector
Thanks to its in-depth experience,
Euler Hermes knows the ins and outs of the EU agricultural
market and the special requirements in import and export
like the back of its hand. Our specialists will be happy to advise you and stand at your side in all aspects of bonding in
these sectors.
We offer you:
Customs bonds for presentation to the
Customs and Excise authorities
as security for the payment of customs and excise duty,
import duties and VAT for
deferment of import duty.
deferment of the payment date for duties on spirits.
bonded warehousing procedures.
the purchase, despatch or custody of goods subject
to VAT.
active cross-border processing of goods.
temporary importation.
EU transit procedures.
advance payments on export duty reimbursement.
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Block and single transaction guarantees
to the Bundesanstalt für Landwirtschaft
und Ernährung (BLE) for
Licence bonds when applying for import/export
licences and pre-fixed certificates.
Tender/performance bonds for the purchase of
agricultural produce.
Bonds to secure compliance with the prescribed or
designated use of agricultural produce.
Bonds for presentation to
as security for
the Bundesmonopolverwaltung für Branntwein
purchase price for spirits
the Deutsche Verkehrsbank
deferment of freight payment
the Delkrederestelle Stahl
purchase of iron and steel
Bonds for procedures under EU agricultural regulations
EU regulations governing
agricultural produce
Euler Hermes
BLE bonds
Bid bond
Import/export of
produce, private
warehousing,
charges under CAP
regulations
Licence bond
Performance bond
CAP charge bond
Situations requiring customs bonds in the EU
Applying to and registering
with Customs and Excise
Euler Hermes
customs bond
Import of goods,
presentation of
goods for Customs
clearance
Clearance with
deferment of payment
or tallying
Customs transit
procedures, e.g. bonded warehouses, crossborder processing
Despatch, temporary
importation
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Bonds abroad
Support which knows no frontiers:
Bonds abroad
You can count on our long experience in foreign bonding too.
Euler Hermes stands at your side as an internationally experienced
guarantor all over the world.
Besides our offices in Germany, bonding is also done by
our branch in Switzerland and France. Bonds for Swedish,
Danish, Finnish and Norwegian clients are dealt with
independently by Euler Hermes Kreditforsäkring. In the
UK, this is done by Euler Hermes Guarantee in London,
Manchester or Tonbridge, and in the Netherlands by
Euler Hermes Interborg in Amsterdam. Bonding business
in France is taken care of by Euler Hermes SFAC.
If you supply goods or provide services in other countries,
Euler Hermes can provide bonds and guarantees in
favour of your foreign clients, taking account of the different ways of doing business in every country. Foreign
transactions frequently require demand guarantees,
payable on demand, with hardly any possibility of pleading non-performance of the underlying contract first.
Euler Hermes helps its clients to obtain better conditions
in discharging their liabilities. It goes without saying that
Euler Hermes is also at your disposal when you need
customs bonds or bonds for EU agricultural procedures
abroad.
A global network of correspondents
Public sector customers outside Europe often demand
surety from a guarantor in their own country. In this case
you can count on us: where necessary we make use of our
international network of correspondent firms – Euler
Hermes or Allianz affiliates as well as other local insurance
companies and banks – who act as fronting companies in
the country concerned. They provide the surety you or
your subsidiaries need locally, on our behalf and backed by
our guarantee.
The 4-way connection in a fronting set-up:
bond
Contractor
(Euler Hermes client)
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Fronting company
reinsurance or
counter-guarantee
supply/service
contract with underlying
contractor
Employer
creditor, beneficiary
bonding contract/
credit limit
Euler Hermes
(guarantor)
Ongoing professional advice in largescale international projects
When abroad, don’t be surprised how differently things are done
The coordination of major infrastructure projects such
as the construction of dams, tunnels or bridges is a task
of huge complexity. The provision of the necessary
“jumbo bonds” needs to be planned in good time and
coordinated between the construction consortia, clients,
guarantee insurers and banks involved. The earlier you
bring Euler Hermes into the proceedings, the more
effectively our surety concepts can strengthen your
negotiating position. Even though the bonds required
can often only be issued by an international consortium
of guarantors, Euler Hermes can give you the support
you need in arranging international sureties with its
expertise and international contacts.
When you need foreign bonds Euler Hermes accompanies you through the whole process, from prequalification or submitting your bid up to the issue of bonds,
guarantees or surety bonds. The best solution in each
case depends on the country concerned. The following
are normal practice or obligatory.
Western Europe
bonds or conditional
guarantees
Eastern Europe/
Arab countries
abstract demand guarantees
Africa
demand guarantees, surety
bonds, cautionnements under
French law
South-East Asia
surety bonds and demand
guarantees
China
demand guarantees
Latin America
fianzas
USA and Canada
accessory contract bonds
assumed by specialized surety
companies; Euler Hermes can
get these surety bonds for you
on very favourable conditions.
Dürr AG, Stuttgart –
car paint lines in the Slovak
Republic – secured by
bonds from Euler Hermes.
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The Best Option for simple handling:
Bonding Online
Calling down bonds is something you do daily in your business.
All the better then that Euler Hermes offers you a service which makes
it easier and simpler to do: Bonding Online.
Bonding Online enables you to access your bonding
account simply and safely – and that means: you can keep
track of all bonds currently open, everything is optimally
transparent and above all, calling down new bonds is fast
and uncomplicated.
Clear functions save you time and effort
In principle you can call down any type of bond via
Bonding Online – including consortial bonds, a bid bond
or foreign surety bonds. It is especially easy to call down
data from existing bonds to use again (just copy it in).
Further convenient features include, for example, various
display options for your active bonds – you have a choice
of viewing the individual bond or a list you can sort
according to various criteria – and this overview can be
printed out directly from the system. Of course, you can
also download the data in the system onto your PC for
further processing in your database, e.g. with calculation
programs (MS Excel, Filemaker etc.). If you need a bond
for a new principal, you can also access the Euler Hermes
address database via the system.
Bonding Online also helps to ensure clear division of
responsibilities in your firm: an individual access code is
set up for each employee, either for viewing or calling
down bonds, or as a read-only access.
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The items listed on your
bonding account can be sorted
in ascending or descending
order by simply clicking once
on the header.
The individual display screen
shows you the details of bonds.
Besides the type of bond, the
term and the bond amount,
this also includes, e.g. the
description of the secured
obligation – all at a glance.
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An Online Service with de luxe support
When you are online, Euler Hermes supports you with the necessary service. The specialists in our Online Support Service are
on call to help you, e.g. with technical questions about hardware. If you have any questions about handling the system or about
the bonding account displayed, simply get in touch with our bonding team by phone or e-mail.
Bonding Online – test it yourself
Would you like to see the advantages of Bonding Online for yourself? Then just test our demo version. With the help of
this you can go through the various functions, which are explained using typical examples – an integrated help function
as well as a detailed guide for first-time users will support you in your run-through. You will also find the most important
terms concerned with bonding explained in a comprehensive glossary.
You can access this on our website at http://www.eulerhermes.de
Bonds online – low hassle, high comfort
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easy-to-understand and convenient user guides
display of current policy information
overview of all active bonds
display of bonds cancelled within the last 45 days
individual view of details of each bond
display of status of each bond
simple application form for new bonds
send other wordings by fax or e-mail
individual access for selected staff members
safe data transmission and data protection
no extra costs
Safety first –
state-of-the-art technical security
Euler Hermes maintains the highest security standards for
its Internet systems, in keeping with the Allianz Security
Policies which are binding for all companies throughout
the Group.
an authenticated web server operated by Euler Hermes
itself and integrated into our own computing centre.
digitally signed online application through programming
with integrated Internet-specific security functions.
secure protection during transmission of data by
means of SSL encryption.
authentication of the user by means of a personal ID
and a password.
additional controls through an audit trail of all access
transactions kept by Euler Hermes.
security certification of the entire system.
15
Euler Hermes:
Strong product performance worldwide
The Euler Hermes Group is your competent partner with a network of its
own business units and associated companies in key locations all over the
world. Through these we are able to offer our German and international
clients an extensive package of high-performance debtor management
services adapted to specific local needs.
International service with the standards you trust
Besides the Bonding Cover described in this brochure, Euler Hermes offers the following products and services to
underpin your company’s financial security:
Cover against Bad Debt Losses for Large Companies provides cover for companies at home and abroad. Euler Hermes
monitors the creditworthiness of buyers for its policyholders on an ongoing basis and advises accordingly. If a customer
becomes insolvent, Euler Hermes indemnifies you for the loss according to the policy conditions. Receivables due for the
sale of plant and machinery in Germany and abroad with long payment periods can also be insured. There is a version of
this policy specially tailored to the needs of companies with an annual turnover of up to 30 million EUR, Cover against
Bad Debt Losses for Small and Medium Enterprises.
Euler Hermes Collections GmbH is specialized in the successful collection of overdue accounts in Germany and abroad.
It takes all the time-wasting, unpleasant and costly hassle of collecting the money due to you off your hands, thus
simplifying your reminder procedures. The services they offer also include following up and collecting already litigated
debts. As the go-between dealing with your debtor, we do everything in our power to maintain your customer relationship.
Our clients can check the current status and the success of collection activities at any time via the Online Service.
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Our portfolio of services for you
Through our subsidiary Euler Hermes Aktiengesellschaft
you can already find out all you need to know about your
customer’s financial strength before you do business with
him. Our BoniCheck service is a sure-fire tool which allows
you to reliably estimate the economic risk you run in doing
business with your client or supplier.
More and more, the rating of a company is the decisive
factor in determining what conditions it gets from the
banks, what payment terms are offered it by suppliers,
what chances it has to attract investment. Euler Hermes
Rating GmbH produces such comprehensive, neutral and
independent ratings of a company’s financial strength.
Effective Cover against Fraud is provided by fidelity
insurance. This protects companies from economic losses
caused by a company’s own employees, temporary
workers, leased personnel or company officers through
wilfully committed unlawful acts such as theft,
embezzlement, fraud, misappropriation of funds or
computer fraud.
In the Deutsche Debitoren Pool (DDPool – German Debtors
Pool) – there is information on positive and negative
payment experience on all the debtors registered in it.
This gives our clients the chance to hedge their business
decisions with the help of relevant data.
Euler Hermes is present in more than 50 countries
and is the market leader in 20 of them
Countries with own business units and associated companies
Source: Euler Hermes, as per August 2014
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The addresses of our foreign business units
who do bonding business
Belgium
Euler Hermes Europe S.A.
Avenue des Arts – Kunstlaan 56
B-1000 Brüssel
Phone (+32) 2 289 31 11
Fax (+32) 2 289 32 99
[email protected]
Denmark
Euler Hermes Danmark,
filial af Euler Hermes Europe SA Belgien
Amerika Plads 19
DK-2100 København Ø
Phone (+45) 88 33 33 88
Fax (+45) 88 33 33 89
[email protected]
Finland
Euler Hermes Europe SA,
Suomen sivuliike
Mannerheiminie 105, 3rd floor
FIN-00280 Helsinki
Phone (+358 10) 8 50 85 00
Fax (+358 10) 8 50 85 11
[email protected]
France
Euler Hermes SA
1, place des Saisons
F-92048 Paris La Défense Cedex
Phone (+33) 1 84 11 50 50
Fax (+33) 1 84 11 50 17
www.eulerhermes.fr
Great Britain
Euler Hermes UK
London Office
40, Queen Street
GB-London EC4R 1DD
Phone (+44 207) 332 7300
Fax (+44 207) 332 7301
[email protected]
Sweden
Euler Hermes Sverige filial
Klarabergsviadukten 90
Box 729
S-10134 Stockholm
Phone (+46 8) 55 51 36 00
Fax (+46 8) 55 51 36 01
[email protected]
Germany
Euler Hermes Deutschland
Niederlassung der Euler Hermes SA
Friedensallee 254
D-22763 Hamburg
Phone (+49) 40 88 34-20 43
Fax (+49) 40 88 34-20 29
[email protected]
Switzerland
Euler Hermes SA
Zweigniederlassung Wallisellen
Richtiplatz 1
Postfach
CH-8304 Wallisellen
Phone (+41 44) 2 83 65 65
Fax (+41 44) 2 83 65 66
[email protected]
The Netherlands
Euler Hermes Garanties
Hoogoorddreef 5
NL-1101 BA Amsterdam
Phone (+31 20) 6 96 39 41
Fax (+31 20) 6 96 30 21
[email protected]
Norway
Euler Hermes Norge
Holbergsgate 21
P.O. Box 6875 St. Olavs Plass
N-0130 Oslo
Phone (+47) 23 25 60 00
Fax (+47) 23 25 60 10
[email protected]
Poland
Towarzystwo Ubezpieczeń
Euler Hermes SA.
Kierownik Biura Obsługi Gwarancji
ul. Domaniewska 50B
PL-02-672 Warszawa
Phone (+48) 22 385-41-42
Fax (+48) 22 385-45-65
[email protected]
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Euler Hermes Deutschland
Niederlassung der Euler Hermes SA
22746 Hamburg
Address:
Friedensallee 254
22763 Hamburg
Phone +49 (0) 40/88 34-0
Fax
+49 (0) 40/88 34-77 44
[email protected]
www.eulerhermes.de
Your hotline for fast help and service:
Euler Hermes Team Business
Tel. +49 (0) 40/88 34-20 75
Fax +49 (0) 40/88 34-20 91
[email protected]
We are just around the corner from you:
Bielefeld
Phone +49 (0) 5 21/9 64 56-0
Fax
+49 (0) 5 21/9 64 56-50
[email protected]
Bremen
Phone +49 (0) 4 21/1 65 97-0
Fax
+49 (0) 4 21/1 65 97-49
[email protected]
Cologne
Phone +49 (0) 2 21/9 20 60-0
Fax
+49 (0) 2 21/9 20 60-1 59
[email protected]
Dortmund
Phone +49 (0) 2 31/1 82 99-0
Fax
+49 (0) 2 31/1 82 99-99
[email protected]
Frankfurt
Phone +49 (0) 69/13 48-0
Fax
+49 (0) 69/13 48-1 70
[email protected]
Freiburg
Phone +49 (0) 7 61/4 00 79-0
Fax
+49 (0) 7 61/4 00 79-50
[email protected]
Hamburg
Phone +49 (0) 40/2 36 36-0
Fax
+49 (0) 40/2 36 36-1 66
[email protected]
Hanover
Phone +49 (0) 5 11/3 64 01-0
Fax
+49 (0) 5 11/3 64 01-70
[email protected]
Leipzig
Phone +49 (0) 3 41/9 08 23-0
Fax
+49 (0) 3 41/9 08 23-10
[email protected]
Euler Hermes Aktiengesellschaft
Postal address
22746 Hamburg, Germany
Office address
Gasstraße 27
22761 Hamburg, Germany
Phone +49 (0) 40/8 34-90 00
Fax
+49 (0) 40/8 34-91 75
[email protected]
Berlin Liaison Office
Friedrichstadt-Passagen
Quartier 205
Friedrichstraße 69
10117 Berlin
Phone +49 (0) 30/20 94-53 10
Fax
+49 (0) 30/20 94-53 20
[email protected]
Munich
Phone +49 (0) 89/5 43 09-0
Fax
+49 (0) 89/5 43 09-1 66
[email protected]
Nuremberg
Phone +49 (0) 9 11/2 44 05-0
Fax
+49 (0) 9 11/2 44 05-30
[email protected]
Stuttgart
Phone +49 (0) 7 11/9 00 49-0
Fax
+49 (0) 7 11/9 00 49-70
[email protected]
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Export Credit Guarantee of the
Federal Republic of Germany
15 2500/1 1114
Berlin
Phone +49 (0) 30/20 28 43-00
Fax
+49 (0) 30/20 28 43-01
[email protected]