Bid bond

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.

Performance bond

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

A 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 contract.

The guarantees are insured using the EGAP - "Z" insurance product , where CEB is the insured party.

List of fees for provided services
CIRR rates
Assessment of the environmental impact of the export
Conditions of combating bribery
Rules of the Arrangement on officially supported export credits (OECD Consensus)