Export with robust compliance – from offer to cover.
If you export with ECA cover, a letter of credit or a guarantee, you make declarations that the export credit agency and the bank rely on: on end use, sanctions, bribery and environmental standards. Now that sanctions breaches are criminal offences across the EU, each of these declarations counts twice. We help make them robust – with advisory, TFI RiskChart and the newsletter; where your bank or ECA uses TFI TradeCore, you work with it through them.
Obligations in export business
- Reg. (EU) 833/2014 · Art. 12g
“No Russia” clause
A contractual ban on re-export to Russia for certain goods – mandatory when selling to third countries.
- Reg. (EU) 833/2014 · Art. 12gb
Due diligence for high-priority items
A risk assessment and measures against circumvention when selling listed common high-priority items to third countries.
- Reg. (EU) 833/2014 · Art. 8a
Subsidiaries
EU parent companies must use their best efforts to ensure that subsidiaries in third countries do not undermine sanctions.
- Reg. (EU) 2021/821 · national law
Dual use and export control
Goods classification, licences and an internal compliance programme (ICP) following EU Recommendation 2019/1318.
- Dir. (EU) 2024/1226
Sanctions criminal law
Breaches of EU sanctions are criminal offences across the EU – for companies and responsible individuals.
- OECD Recommendations · cover conditions
Declarations to the ECA
Statements on bribery, commissions and environmental and social standards must be accurate and evidenced.
Three cases from export business
- 01
A project with ECA cover
Before the application we review buyer, agents and commissions, country risk and the goods list – so that your declarations to the ECA and the bank are accurate and evidenced.
- 02
Delivery via a third country
A customer in a country bordering Russia orders common high-priority items. RiskChart shows anti-circumvention measures and trade corridors; we help set up and document the risk assessment under Art. 12gb.
- 03
A guarantee through your house bank
You apply for an advance payment and a performance guarantee through your bank’s customer access in TFI TradeCore. Complete details on parties, route, goods and end user speed up the review.
What TFI provides for exporters
- Advisory and audit
ICP set-up and review, goods classification and end use, implementation of Art. 12g, 12gb and 8a, training for sales and order processing.
- TFI RiskChart
Country risk with official sources: embargoes, export control country groups, anti-circumvention measures and trade corridors.
- TFI Newsletter
New sanctions packages, goods lists and enforcement cases – every morning, with primary sources.
- TFI TradeCore
If your bank uses TFI TradeCore: through the customer access you capture letters of credit and guarantees completely, upload documents and see the processing status – without insight into compliance internals.
- Advisory and audit
ECA compliance check before the application: buyer, commissions, anti-bribery, environmental and social standards.
ICP or ECA compliance check
We start with a compact baseline – for your internal compliance programme or for a specific project with ECA cover.
- Review of your ICP against the EU Recommendation and authority practice
- Processes to implement Art. 12g, 12gb and 8a – contract review stays with your counsel
- Project check before the ECA application: buyer, agents, commissions, country risk
- A prioritised action list and, on request, training
Questions from exporters
No legal advice and no licence applications on your behalf. Legal questions – such as whether a specific transaction is permitted – are resolved together with your legal department or external counsel.
Can we use TFI TradeCore ourselves?
TradeCore is built for banks, financiers and ECAs; its roles and workflows are bank-internal. As an exporter you use TradeCore through your bank’s customer access. For your own export control we set up the ICP, country risk and processes with you.
What does sanctions criminal law mean for us?
Breaches of EU sanctions are criminal offences across the EU – for the company and for responsible individuals. That makes an effective ICP and evidenced reviews all the more important. Your counsel handles the legal assessment of individual cases.
Does TFI help with the ECA application?
Yes, on the substance: before the application we review buyer, agents, commissions, country risk and the goods list and prepare the documents so that your declarations are robust.