The machine and plant engineering sector, with its global reach, needs flexible guarantees that can also be applied or favorably transferred to subsidiaries in other countries, often in emerging markets. Bond insurers are usually more flexible than banks and can provide cost-neutral avals in all countries in which they themselves are present.
Specialist products for the machine and plant engineering sector:
advance payment bonds
capital goods insurance
If you are unable to provide surety, then this could stop your customers from being able to place orders. However, negotiating the right wording for surety contracts in non-European countries can, in itself, prove a very difficult task. We have the international experience and, as a member of the international professional network Surety Alliance, are strongly placed to help you manage such challenges. Wherever you are: We can find you the right surety.