Question

Explain the concept of international credit insurance and explain how it is possible to contract a...

Explain the concept of international credit insurance and explain how it is possible to contract a policy covering commercial and political risks.

Homework Answers

Answer #1

ANSWER:

  • International Credit Insurance encourage trade, by protecting payment risks coming about because of nearby deals as well as exports, or by giving security to the performance of an contract.
  • International credit insurance implies credit protection for worldwide trade. This insurance covers the danger of the purchaser not settling up at all or paying late.
  • It is conceivable to contract an approach covering commercial and political dangers by tweaking the strategy according to your necessities. This obviously will involve a higher measure of premium payment on the policy.

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