| Topic : Exporting from India |
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Posted in Community :
Secure the future - Insurance
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Source : http://www.hkecic.com
Activity:
2 comments
621 views
last activity : 07 06 2010 20:18:04 +0000
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Hongkong is emerging as a great market for exports. As in every section insurance is preffered so as in Exports also. These Exporters also need insurance in their goods.
There are been provided with two main types of non-payment risks for goods exported and services rendered arising from buyer risks and country risks.
There are different types of facilities rendered to the exporters, some of them which are widelu used are:
Export Credit Insurance
Comprehensive Cover Policy is the most popular amog all. It applies to the export and re-export of goods and te credit period is provided for 180 days.
Credit Management Services A credit advisory service to exporters has been provided which offers advice to the extent of credit which is prudent to offer the buyers. The service draws on a computerized worldwide database that includes some buyers, whose credit-worthiness is regularly monitored by the underwriters. Collateral for Discounting Export Bills The policies issued by the banks to the risk providers is useful for collateral discounting of export bills. The protection accorded to a policyholder may be extended to the policyholder's bank by a letter of authority, which enables claims to be paid directly to the bank and can be instrumental in helping policyholders obtain the banking facilities they need. Advice on Solving Payment Problems Payment problems and advisory regarding it could be solved by policyholders on practical actions for preventing or minimizing losses to exporters. |
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2 comments on "Exports and Insurance"
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Commented by
varsha ., Technical manger(QMS)
| 11 02 2008 13:00:32 +0000
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Commented by
Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd
| 07 22 2008 15:00:17 +0000
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