credit insurance

The availability of good credit insurance for the debts will,of course,greatly improve the prospects of payment .provided the bills are drawn for terms not more than 180 days ,the exporter can obtain 90% cover on the net invoice value of each transaction under an ECGD comprehensive short-term policy . An assignment of this policy can br taken to boost the lender is security position .This does not make the facility fully secured however ,because the lender is still dependent Upon the exporter observing the terms and conditions of the credit insurance policy.