Export credit insurance export credit insurance pr

2022-09-28
  • Detail

[export credit insurance] - export credit insurance handling procedures

I. apply for insurance

you need to fill in the "short-term export credit insurance comprehensive insurance application form" in triplicate, fill in the name, address, insurance scope, export situation, buyer's list within the scope of insurance and other information that needs to be explained clearly, and then the enterprise legal person signs and seals to apply to the insurance company for export credit insurance

II. Application limit

after you receive the "short-term export credit insurance comprehensive insurance policy" underwritten and issued by different insurance companies because of the distance between the lines, you should apply for the credit limit in writing to the company as soon as possible for each export within the scope of this policy, and fill in the "short-term export credit comprehensive insurance buyer credit limit application form" in triplicate, according to the requirements of the form, the buyer's situation, The terms of trade of both parties and the limit required by the enterprise shall be filled in clearly and truthfully, and the credit limit shall be applied for all overseas new and old buyers within the scope of insurance of the enterprise

III. export declaration

the insurance company approves the limit through the buyer's credit limit approval form of short-term export credit comprehensive insurance. You should fill in the export declaration form of short-term export credit comprehensive insurance (or the monthly export declaration form and premium calculation form of short-term export credit insurance comprehensive insurance) batch by batch within 15 days (or before the 10th day of each month) after each shipment, in triplicate, according to the requirements in the form, Fill out the exported RFA1 coating on it truthfully and clearly for the insurance company to calculate and collect the insurance premium. The insurance company has the right to require you to make a supplementary declaration for exports that you have not declared within the specified time. However, the company has the right to refuse to accept the supplementary report if the loss of the export has occurred or the event that may cause the loss has occurred. If you deliberately fail to report Wang Jinghai, or seriously fail to report or make a false report, our company has the right to refuse to bear the losses caused by your declared export

IV. payment of insurance premium

you should pay the insurance premium within 10 days from the date of receiving the "insurance premium invoice" and relevant collection documents issued by many enterprises that have invested in the instrument industry to the insurance company. If you fail to pay the insurance premium within the specified time limit, our company will not be liable for the relevant exports you declare; If you fail to pay the premium within two months after the specified period, the company has the right to terminate the policy, and the premium received will not be refunded. The company calculates the insurance premium payable every month according to the rate listed in your declaration and the detailed statement of the declaration book. If the insurance rate needs to be adjusted, the company will notify you in writing. For goods exported within the second month after the notice is sent, the insurance premium will be calculated according to the new rate

v. fill in the possible loss

after your shipment, if the buyer has gone bankrupt or is unable to pay its debts, the buyer has refused to receive and pay, the buyer is overdue for three months or fails to pay the payment, or an event under the political risk underwritten by the company occurs, you should fill in the notice of possible loss of short-term export credit insurance to the insurance company within ten days. We should clearly outline the case, try to collect the payment for goods while waiting for compensation, closely contact the insurance company, and timely report the process and results of recovery or handling

VI. claim for loss

if you cannot receive the payment for goods and the recovery is invalid, and the compensation waiting period specified in the insurance terms expires, you should make a claim to the insurance company in writing as soon as possible, and fill in the "short term export credit insurance claim application", at the same time, it is complete Truthfully provide the required documents listed in the "application" (including trade contract, bill of lading, export declaration form, invoice, packing list, bill of exchange, correspondence between the buyer and the seller, credit limit approval form, export declaration form and other information required by the company). For your claim for losses caused by the buyer's inability to pay its debts, the insurance company will make compensation as soon as possible after confirming that the buyer is bankrupt or insolvent; For claims for losses caused by other reasons, the insurance company shall make compensation as soon as possible after the specified compensation waiting period expires. For the losses caused by the buyer's inability to pay its debts, if you do not file a claim within one month after the buyer is declared bankrupt or insolvent, and for the losses caused by other reasons, you do not file a claim within two months after the expiration of the compensation waiting period, and you do not provide sufficient reasons, the insurance company has the right to refuse to accept your claim

the insurance company shall compensate the losses within the insurance scope according to the compensation percentage of losses caused by commercial credit risk and political risk listed in the policy schedule. However, the compensation shall not exceed the above percentage of the buyer's credit limit approved by the company or the credit limit controlled by the insured

VII. Transfer of rights and interests

after you learn the compensation notice of the insurance company, you must issue the "compensation receipt and transfer of rights and interests" (one in both Chinese and English) and the "power of attorney for recovery" in both Chinese and English. If the buyer fails to pay or pay the purchase price within three months, you agree to entrust the insurance company to recover it first when reporting the "Notice of possible loss", and you need to provide the contract, bill of lading, invoice, letters and telegrams between the two sides of the trade and the letter of authorization for recovery in both Chinese and English

if you want to know more about short-term export credit insurance or want to get the support of short-term export credit insurance, you can directly contact Chinese traders or the export credit branch of the international insurance Department of the Guangdong Branch of the people's Insurance Company of China, and you will get satisfactory services. We sincerely welcome all export companies and enterprises to actively participate in export credit insurance

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