For an International transaction, Custom Tailored Receivables Credit Insurance can make it relatively simple to purchase and sell various kinds of goods and services. Generally the amount of credit insurance issued can equal between 80% and 100% of the transaction size.
Flexible Accounts Receivables Credit Insurance makes it possible for the Seller to deliver their products to the Purchaser, without the need for a letter of credit. This helps the Seller to be more competitive and attract the Purchaser to buy his products, without significant risk of non-payment. From the Purchaser's viewpoint, it is no longer a cash sale, but a sale on credit, a more attractive form of purchase.
A simple example would be:
The Seller (Exporter) obtains a Credit Insurance Policy from Greenpoint Agency's highly quality insurance company. The credit insurance policy provides Insurance Protection against the Purchaser's Payment Default.
The Insurance Company endorses the insurance policy to provide adquate insurance coverage to the Seller, for the Buyer's Purchases, up a specfied maximum insurance amount.
The Insurance Company also provides along with the Credit Insurance Policy additional "Political Risk Insurance", in the event there is either a problem with the government, changes in law, or with the abiity to exchange foreign currency for domestic currency.
If you are interested in discussing the specific terms of a Trade Credit Insurance Policy, please Contact Us, using either the information provided below, or the form provided below.
Contact Us At:
Greenpoint Agency, Inc.
Property and Casualty Insurance Broker
Telephone Numbers
(If you are located outside the USA, please add our country code to the telephone number):
Direct to Priscilla Li, Vice President: (347) 886 - 9778
Call in English or Chinese (Mandarin) languages
Executive Offices: Mary Sylenko or Priscilla Li: (718) 591 - 2400
24/7 Call Anytime Phone Number - Call in English or Chinese (Mandarin): (347) 468 - 7338
International Inquiries are welcome.
We are located in New York City, USA, US Eastern Time Zone.
Mailing Address:
179-14 Union Turnpike
Flushing, New York 11366 USA
Additional Information: