Tools Trade Stainless
Tools Trade Stainless
Chint Electric received 15 million yuan of export credit insurance claims
March 22 two days Zhejiang Chint Electric Co., China Export & Credit Insurance from Wenzhou office received notice in writing Pei Fu, and will be formally received 15 million yuan of losses which the export credit insurance claims. It is understood that this is the last year of Wenzhou’s biggest single export credit insurance, the amount of compensation.
March 22 two days Zhejiang Chint Electric Co., China Export & Credit Insurance from Wenzhou office received notice in writing Pei Fu, and will be formally received 15 million yuan of losses which the export credit insurance claims. It is understood that this is the last year of Wenzhou’s biggest single export credit insurance, the amount of compensation.
Since last year, by the international financial crisis, the international credit environment deteriorate, the risk of a sharp increase in global trade. The purchase of export credit insurance is a way for enterprises to effectively avoid risk, through various means to reduce trade credit insurance may be encountered in the commercial risk and political risk. Where to buy export credit insurance business, if the buyer defaults or importing countries experiencing some sort of unfair treatment the government, all insurance coverage. According to reports, Chint Electric for many years the history of export credit insurance coverage. The business of the company exports to Cuba, met export exchange risk. China Export & Credit Insurance for claims under the relevant insurance regulations, has officially decided to one-time payment of about 1,500 to Chint Electric million in export credit insurance claims to Chint Electric Cuba export exchange risk can be effectively averted.
It is understood that since last year, export enterprises in Wenzhou surge in the number of insured export credit insurance, foreign trade enterprises reported losses while the outbreak of cases are more concentrated. Previously, Wenzhou City, Wenzhou Import & Export Joint Company and foreign industrial companies, Swiss new group, Love’s optical companies in Wenzhou foreign trade enterprises in China were also received about 6.8 million yuan of export credit insurance, 5.8 million yuan, 460 million and huge compensation for 4.5 million yuan, greatly reducing the loss of export loans, guarantees the stability of business operations.
According to China Export & Credit Insurance Belts of Wenzhou office of the introduction of export credit insurance is a policy tool for government support of exports, the export capacity of enterprises to enhance their effective means of orders, since last May 27 the State Council executive meeting to determine the export credit insurance policies as a stable external demand since the first measures, the Office bravely assumed the responsibility of policy, strong positive response to head the underwriting policy, foreign trade enterprises in Wenzhou cover the amount of export exchange risk significant increase in size from 220 million in 2008 U.S. dollar soared to 860 million U.S. dollars in 2009, while the combined ratio from 151% in 2008, soared to 253% in 2009.
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Carcass-Tools Of The Trade