Exporters could significantly benefit from Export Credit (Bad-Debt) Insurance.
In the continuing global slowdown, many exporters have unfortunately discovered that bad debts can severely impact on their business and livelihood, many sadly have gone bankrupt or into receivership due to financial difficulties.
Through a number of recent seminars and events organized by AEGIS Vietnam, some major exporters have taken up and benefited Export Credit Insurance (ECI) as risk mitigation solution tools to ensure continuing financial security in the event of non-payment. Furthermore, these firms now have confidence to explore and discover additional markets and the opportunities they present through financial and credit knowledge of new and potential buyers by utilizing the vast credit database available via AEGIS and it's underwriting partners locally and overseas.
A key component for some of these policyholders is the ability to at the same time to use these Export Credit Insurance policies as collateral to access bank loans or funding at lower interest rates thus enhancing their overall competitiveness in the global market place.
In summary, Export Credit Insurance protects you against the risk of non-payment by your overseas buyers due to:-
Have a query or question? Please call us on +84 (08) 3514 7965 or email us at [email protected] for further advice!
Through a number of recent seminars and events organized by AEGIS Vietnam, some major exporters have taken up and benefited Export Credit Insurance (ECI) as risk mitigation solution tools to ensure continuing financial security in the event of non-payment. Furthermore, these firms now have confidence to explore and discover additional markets and the opportunities they present through financial and credit knowledge of new and potential buyers by utilizing the vast credit database available via AEGIS and it's underwriting partners locally and overseas.
A key component for some of these policyholders is the ability to at the same time to use these Export Credit Insurance policies as collateral to access bank loans or funding at lower interest rates thus enhancing their overall competitiveness in the global market place.
In summary, Export Credit Insurance protects you against the risk of non-payment by your overseas buyers due to:-
- Commercial Risks include Protracted Default and/or Delayed Payments in addition to Insolvencies, Bankruptcies, Liquidation, Winding-up.
- Political Risks include credit risks related to Government Buyers and Government-related risks such as regulation changes, import-export license restrictions, confiscation, war, riot, civil war."
Have a query or question? Please call us on +84 (08) 3514 7965 or email us at [email protected] for further advice!