How to Get Paid In A New Market
Updated: Sep 22
How to Get Paid In A New Market
Contract Agreed but will you get paid?
How Can Trade Credit Insurance or Contract Frustration Ensure You get Payment ?
Pre-payment
Bank Letter of Credit or Guarantee
Forfaiting/Discounting of Invoice
Trade Credit Insurance
Contract Frustration Insurance for State contracts
If full pre-payment is not then Non-Payment Trade Credit/Contract Frustration Insurance can be bought direct from Specialist Private Insurers or Export Credit Agencies such as UKEF at no additional cost through Professional Insurance Brokers, being Independent from Insurers. The type of coverage and your ability to access the most appropriate Non-Payment Policy varies by Company and Sector.
We at Holtarka have 35+ years Award Winning Expertise advising, guiding and arranging Trade Credit Insurance for our clients Worldwide. We work with new and existing Trade Credit Insurance Buyers across many sectors. We act as your Independent Agent accessing different Specialist Insurers Worldwide. We are a FCA regulated Authorised Representative of Lloyds Broker Bellwood Prestbury.
7 Key Items of Information required for each application:-
Your Company details including your Business Activity and Audited Accounts;
Sales Terms to customers - how and when you get paid;
Payment history with customers and any Payment Losses;
Which Companies you wish to be included with their full details;
Maximum Measured Exposure at any one time to each Buyer/Supplier;
Estimated Sales Volume/Turnover;
Limit/Sum Insured sought and Insurance Policy Period.
The information will with your sales or accounting team so it is at your fingertips. For a free and confidential review give us a call on +447979801237 or check our website for more information www.holtarka.com
#TradeCreditInsurancee #NonPaymentCover #InsolvencyRisk #SpecialistInsurers #ProfessionalInsuranceBrokers #EnterpriseRiskManagement #SupplyChainManagement
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