Short-term export credit insurance provides exporters with guarantees for payment risk in doing export or re-export from China by the way of L/C, D/P, D/A, or OA, all bearing a term of one year.

Major short-term export credit insurance categories offered by China Export & Credit Insurance Corporation (SINOSURE) are the following:

Comprehensive cover insurance, obligating the insurer to underwrite the policyholder's all export business both on credit terms and under L/C terms within a specified period of time.
L/C insurance, covering the risks of the policyholder's exporting under L/C payment terms within a specified scope.
Specific buyer's insurance, covering the risks of the policyholder's exporting to one or several buyers on credit terms; suitable for export of mechanical and electrical products, as well as complete sets of equipment with larger sums.
Specific contract insurance, covering the risks of the policyholder's individual/specific export contract on credit terms.
Insurance against buyer's breach of contract, covering the pre-shipment or post-shipment risk of the policyholder's specific installment payment contract; suitable for export of mechanical and electrical products, complete sets of equipment, overseas project contract and labor cooperation.

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