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Chint Electric received 15 million yuan of export credit insurance claims - Chint Electric - Hardwa by ewrt wrtgnfh





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Chint Electric received 15 million yuan of export credit insurance claims - Chint Electric - Hardwa by
Article Posted: 04/08/2011
Article Views: 83
Articles Written: 1452
Word Count: 539
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Chint Electric received 15 million yuan of export credit insurance claims - Chint Electric - Hardwa


 
Business,Business News,Business Opportunities
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.

3 22 date by two days of 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 company, 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 Corporation to claim 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 the Office of China Export & Credit Insurance head of Wenzhou Belts introduction, export credit insurance is the policy of the government to support exports Tool Is the export capacity of enterprises to enhance their effective means of orders since May 27 last year, the State Council executive meeting to determine the stability of export credit insurance as the first foreign demand, policy measures, the policy of the Office bravely assumed the responsibility for the positive response to head office underwriting policy, foreign trade enterprises in Wenzhou cover the amount of export exchange risk significant increase in size from 220 million U.S. dollars in 2008 soared to 860 million U.S. dollars in 2009, while the combined ratio from 151% in 2008, soared to 2009 years of 253%.

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