Since China started the export credit insurance business for ten years, it has been supporting foreign trade exports and avoiding export enterprises.
The risk of foreign exchange collection has played a positive role in safeguarding national interests. In order to strengthen national exports
Management and control of credit insurance risks, standardize export credit insurance institutions (hereinafter referred to as "the"
Office ") and the behavior of export enterprises, according to the requirements of the State Council, enterprises now apply for export letters.
The relevant provisions of insurance are notified as follows:
First, the current export credit insurance institutions in China are PICC Property Insurance Co., Ltd. and China Insurance Company.
The Export-Import Bank of China. The export credit insurance business insured by enterprises is handled by these two institutions.
.
Two, export credit insurance is divided into the following three types:
(1) Short-term export credit insurance (short-term insurance for short). The short-term insurance period is in
/kloc-the risk of foreign exchange collection within 0/80 days is mainly used for payment by D/P, D/A (
D/A), credit (O/A) and other export commercial credits. According to the actual situation
Short-term insurance can also be extended to export commodities with loan term exceeding 180 days but less than 360 days, so as to
And exports under letters of credit issued by banks or other financial institutions.
(2) Medium and long-term export credit insurance (referred to as "medium and long-term insurance") can be divided into buyer's credit.
Insurance, seller's credit insurance and overseas investment insurance are three categories. The medium and long-term insurance coverage period is one year.
Above, the risk of foreign exchange collection generally does not exceed 10 years, which is mainly used for large-scale mechanical and electrical products and complete sets of equipment.
Export, as well as overseas investment, such as setting up enterprises overseas in the form of BOT, BOO or joint venture.
Industry, etc
(3) Export-related performance guarantee insurance (hereinafter referred to as "guarantee insurance"). Guarantee insurance
Divided into direct guarantee insurance and indirect guarantee insurance. Direct guarantee insurance includes initial advance payment guarantee,
Issue performance guarantee insurance, etc. ; Indirect guarantee insurance covers unreasonable confiscation of exporters' banks by importers.
Bank guarantee.
3. Requirements for applying for short-term export credit insurance. Short-term insurance is based on "buyer's credit limit"
The upper limit of responsibility should be borne by the agency. "Buyer's credit limit" is the handling bank.
According to the payment method, the agency investigates the importer's credit status and pays a certain amount to the importer for the export enterprise.
The balance of the highest insurance liability that the payment method will bear. The approved "Buyer's Credit Line" can be recycled.
Use, that is, if the insurance liability does not occur, the export enterprise can continue after receiving the buyer's payment.
Continue to export goods to importers according to the original payment method and agreed limit. To this end, if the enterprise needs to handle
Short-term credit insurance should be handled with the agency before signing the export contract, and will be
English names, addresses, responsible persons, contact numbers and faxes of importers and issuing banks, and the information obtained.
Learn about the importer's credit information from the agency and go through the application procedures for "buyer's credit line".
. After the "buyer's credit limit" is approved, the enterprise can organize delivery within this limit.
Four, medium and long-term export credit insurance application requirements, because the medium and long-term insurance coverage is large.
The repayment period is longer, and the degree of risk is much greater than that in the short term. Therefore, enterprises grow in the arrangement.
When exporting projects, special attention should be paid to the implementation of insurance matters in advance according to regulations. Export enterprises have long-term insurance.
Term insurance shall be implemented one by one according to the following procedures:
(1) An enterprise shall bid or initialled a medium-and long-term export contract at least one month in advance.
Submit an Application for Insurance to the agency and provide the following materials:
1. Project name, project scale, contract amount, project location, etc.
2. Draw up credit methods and credit terms. (Importers generally need to pay 15% in advance.
Paragraph);
3. Name, address and credit information of the importer;
4. Name, address and credit status of the borrower or loan bank (when providing buyer's credit in China)
Conditions;
5. The name, address and credit standing of the repayment guarantor;
6 export project feasibility analysis report (including technology, patents, foreign exchange cost forecast, etc.)
Economic benefits, etc. );
7. The commercial contract initialled by the importer and exporter, or the commercial part of the tender submitted by the export enterprise.
;
8. The business license of the export enterprise and other required documents.
(2) The agency shall go through the insurance formalities after receiving the above Application for Insurance and the attached documents.
Preliminary examination of the project, if it meets the national policy of export credit insurance support conditions, will be around.
Issue a letter of intent for underwriting. Enterprises can apply for credit from banks with this letter of intent.
(three) in the terms of the commercial contract between the importer and the exporter, the lending bank and the borrower are against the export.
After the terms of the credit agreement are agreed, the institution will review the whole project and all contract documents.
Formulate and verify the insurance premium rate, and issue or sign the insurance policy after completing the examination and approval procedures in accordance with relevant state regulations.
Insurance agreement.
Five, agencies in accordance with national policies and regulations, within the scope of authorization, on behalf of the government to handle specific insurance.
Insurance business. In order to ensure the normal operation of the national export credit insurance, the information about export enterprises is now,
An agency shall not handle the following insurance matters:
1. Without the consent of the agency, make external commitments or sign contracts without authorization;
2. Shipment before insurance;
3 other acts that do not conform to the relevant provisions of the state.
6. Whoever violates the provisions of this Notice and causes export losses, regardless of the size and amount of the project,
All shall be borne by the export enterprises.