CEB guarantees to pay the beneficiary an amount up to
that given on the guarantee, or its part corresponding to the provided
performance, in the event that it receives a written demand from the
beneficiary with a declaration that the principal has failed to meet a
specified obligation under the export contract.
A guarantee that insures the obligation of a winning bidder to enter
into a contract. Through this guarantee CEB will compensate the tender
organiser in the event that an exporter wins the tender but does not comply
with the conditions in the bid it submitted. Such non-compliance with
conditions may be for example a change in the price, delivery time or delivery
terms, or a refusal to conclude the export contract.
A guarantee that insures the obligation of the bidder to duly execute
the export contract. This guarantee serves to ensure the time and quality of
the delivery. The extent of the guarantee is based on the specific conditions
of the export contract. CEB guarantees that the exporter will comply with the
conditions in the export contract.
The guarantee may include a reduction clause, i.e. the amount of the guarantee
may be proportionately reduced as the export contract is executed.
Advance payment guarantee
guarantee that insures the obligation of the seller to return the advance
payment in case of failure to supply the goods on time or in their entirety. The
advance payment guarantee insures the delivery to at least the value of the
advance payment. The guarantee may contain a reduction clause, i.e. the amount
of the guarantee may be proportionately reduced as the export contract is executed.
Retention Money Guarantee, Retention Bond
A guarantee that insures the obligation of the seller to return the
stipulated part of the price already paid by the buyer upon request by the
buyer due to insufficient compliance with the conditions of the export
The guarantees are insured using the EGAP - "Z" insurance
product , where CEB is the insured party.
List of fees for provided services
Assessment of the environmental impact of the export
Conditions of combating bribery
Rules of the Arrangement on officially supported export credits (OECD Consensus)