Question

State procedure for obtaining Credit insurance.

Answer 1

Trade credit insurance usually covers a portfolio of buyers and pays an agreed percentage of an invoice or receivable that remains unpaid as a result of protracted default, insolvency or bankruptcy. Policy holders must apply a credit limit on each of their buyers for the sales to that buyer to be insuredcompany

Answer 2

Export credit insurance (ECI) protects an exporter of products and services against the risk of non-payment by a foreign buyer. ... Simply put, exporters can protect their foreign receivables against a variety of risks that could result in non-payment by foreign buyers.