by Acrisure Trade Credit | Mar 9, 2016 | Uncategorized |
If you are an exporter, and you sell using secured terms like cash against documents, one risk in your transaction is that you deliver your product in good faith to your customer’s port, but your customer does not accept them. For exporters of commodity products,...
by Acrisure Trade Credit | Mar 9, 2016 | Uncategorized |
Recently, one of our clients had a potential claim with a covered customer in Mexico. The customer was not insolvent, but they were not making any payment on the $135,000 that they owed. Our insured decided to file a claim on their policy immediately, which allowed...
by Acrisure Trade Credit | Mar 9, 2016 | Uncategorized |
Recently, hog producer Agfeed Industries filed for Chapter 11 bankruptcy protection. One interesting factor about this bankruptcy is that, on paper prior to their filing, Agfeed did not set off any alarms about their financial condition. The company had $244 million...
by Acrisure Trade Credit | Mar 9, 2016 | Uncategorized |
As reported in the Wall Street Journal, bankruptcy laws across Europe, particularly in France, Germany, Spain and Italy, are going through a makeover, and the model that is being used is Chapter 11 of the US Bankruptcy Code. Until now, the vast majority of European...
by Acrisure Trade Credit | Mar 9, 2016 | Uncategorized |
Alert License Requirement for Sales into Argentina Effective earlier this year, all Argentinian importers must fill out a Sworn Affidavit of Intention to Import (Declaracion Jurada de Importacion, or “DJAI”) with the Argentine Tax and Customs Authority. The...
by Acrisure Trade Credit | Mar 9, 2016 | Uncategorized |
Credit Insurance – Available Options One misconception about credit insurance that I see frequently in talking with companies that are looking into it for the first time is that they assume that the insurance company will require that they insure all of their...
