The AOFI issues guarantees, counter guarantees and other forms of sureties for export business and investments abroad:
Types of guarantees issued by AOFI:
- Bid guarantees,
- Performance guarantees,
- Advance payment guarantees,
- Retention money guarantees and
- Maintenance guarantee.
The AOFI issues guarantees at request and at the order of domestic legal entities and entrepreneurs who in the past year had export in excess of EUR 300,000.00, under the following conditions:
- Amount up to EUR 2,000,000.00;
- Commission from 0.25% to 0.50% on the guaranteed or secured amount to be paid quarterly in advance
- Single fee for the application processing: from 0,5% to 1% on the guaranteed or secured amount.
General Mandatory Requirements
- Export in the value of not less than EUR300,000.00 realized in the past year or other adequate proportional amount realized in the current year up to the moment of application submission and possession of the export deal contract to the value of not less than EUR300,000.00 in the current year;
- Positive net result of the business operations in the foregoing year;
Special Mandatory Requirements
- Positive evaluation of the Applicant’s financial standing;
- Positive evaluation of Exporter’s references and experience for realization of similar projects;
- Positive evaluation of the profitability of the export project for which a guarantee is requested;
- Positive evaluation of the quality – safety of the security means.
