According to the Electrical and Electronic Equipment Act, the manufacturers affected must ensure that the disposal of their old equipment is catered for. Even after the manufacturer has left the market. To fulfil this requirement, you must prove to the EAR when registering, that you have finalized a contract with a guarantor. The guarantee includes the predicted registration volumes for one year and must be provided to the EAR.
The Electrical and Electronic Equipment Act names several guarantee solutions:
- Bank guarantee – this binds capital long-term and is therefore only recommended for the smallest circulators
- Recycling insurance – these are offered by various insurers and the annual costs can vary considerably
- Collective assurance (guarantee model) – multiple manufacturers collaborate and thereby minimise the risk of non-compliance. These models are generally based on an insurance policy
The costs of the individual guarantee models vary. The optimal guarantor is one that provides cover designed specifically for the needs of the individual manufacturer. It must be noted, that the guarantee is only valid for one year in the eyes of the EAR and must be re-lodged with the EAR at the beginning of the next year. The costs associated with the guarantee are also occurred every year.
We know our way around and can find the best and most cost-effective guarantor for you. We are also happy to undertake the annually-recurring work for you which is associated with the guarantee.
Would you like to receive an individual offer, or further information? Gladly. Please send us an Email or use our contact form.
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