Medium- and long-term export credit insurance is designed to encourage Chinese exporters to participate actively in international competitions, especially those involving exports of mechanical and electronic products featuring high-tech and high added value, and complete plant equipment packages, as well as to contract for overseas projects. This insurance is also calculated to support financial organizations, such as banks, to provide exporters with financing. Medium- and long-term export credit insurance is a policy insurance and helps the insured ward off payment risk through shouldering commercial and political risks as stated in the insurance policies. SINOSURE now offers two major medium- and long-term export credit insurance categories:

 
Buyer's credit insurance program with buyer's credit financing, obligating the insurer to underwrite the default of payment by the borrower or guarantor for the loan bank. Under buyer's credit insurance program, the loan bank is insured and the insurance policy holders can be an exporter, or a lending bank.

 
Supplier's credit insurance program with supplier's credit financing, obligating the insurer to underwrite all of the exporter's business on contracts.


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