1. According to the payment time of accounts receivable and investment, taking one year as the node, the short-term export credit insurance is within one year, and the medium-and long-term export credit insurance is more than one year and less than fifteen years.
Two, according to the actual business situation, the subject matter of insurance is investment or accounts receivable, and long-term business is divided into medium and long-term export credit insurance and investment insurance.
For details, please refer to the product introduction page of China Export Credit Insurance Corporation.
Characteristics of export credit insurance:
1. The subject matter is funds and accounts receivable, which conforms to some operating rules of traditional insurance. It is a financial tool allowed by the WTO trading system to support export enterprises and help enterprises reduce overseas risk losses and investment losses.
2. It can cover political and commercial risks. Commercial risk is the risk that an enterprise suffers losses due to overseas investment or failure to pay back the money, which is mostly caused by the customer's own factors; Political risk is due to the change of local political environment of customers, such as local regime change, turmoil, war, foreign exchange control, etc., which is another major feature that distinguishes export credit insurance from traditional marine insurance.
3. In China, China Export Credit Insurance Corporation is authorized by the state. It is estimated that by the end of 20 14, China Export Credit Insurance Corporation will develop into an ECA institution specializing in policy export credit insurance. At present, China Export Credit Insurance Corporation has become the first official ECA organization in the world (some unofficial companies are larger than China Credit Insurance). )
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.