Our knowledge and expertise of each specific business sector enable us to provide you with tailored bonding solutions
Construction sector and manufacturing industry
The construction sector and manufacturing industry
have always had a need for bonding products. Our range of bonding
products for you is as varied as your requirements.
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.
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
As security that any defects discovered during the warranty
period. 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 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
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.
Importers, carriers and food sector
Thanks to its in-depth experience, Euler Hermes has an
extensive knowledge of the EU agricultural market and the special
requirements in import and export.
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 the payment date for duties on spirits
- Deferment of import duty
- 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
Industry sector & capital goods
Euler Hermes can also deliver
the right kind of bonding for those companies that have activities in
the capital goods and the industry branche.
As an insurance for the repayment of the
recieved prepayments or the advances, in case you wouldn't complete your
obligations vis-a-vis the mandator.
This is an insurance that you as the contractor will take on
the responsibility of the periodical repairs and maintenances after the
delivery of the machine or installation. Or as a security measure to
ensure that you will indeed perform the necessary repairs.