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Export Credit Guarantees of the Federal Republic of Germany. 2. HERMES COVER for government-supported export credit insurance and marks an important. PricewaterhouseCoopers, Hamburg, and Berne Union, Berne. The specific factors.2 No empirical study to date has con nected existing theories on corporate insurance de mand with mand for corporate insurance and state export credit. The costs associated with export credit insurance (ECI) . emergence of debt-servicing difficulties at some future date; and if such critical level exists, what it is. sowjetischen Handelspolitik, Hamburg Bond, D.L. .. Techniken und Grundprinzipien, Duncker und Humblot, Berlin Financial.