Export Montana
Export Insurance
New customers, increased turnover, greater profits. Exporting opens the door to all of these possibilities. However, there is always the chance - no matter how much confidence you have in your customers - of non-payment.
Unforeseen political, social, legal and commercial factors can and do prevent payment to Montana exporters. We have seen a number of non-payment claims paid to clients who have enjoyed a long-standing trading relationship with an overseas customer. And often non-payment is a result of circumstances outside that customer's control. A non-payment can be devastating, especially for small-to medium-sized businesses dependent on cash flow.
Export credit insurance can reduce the risk of non-payment for your business. It can also enable you to offer better terms to your customers and may enhance your ability to raise bank finance.
Insurance will also protect against not only the specified political and commercial risks associated with overseas investment but a variety of other risks associated with shipment of product. An exporter should be aware of the risks, responsibility, and liability of parties engaged in the transport of commercial goods internationally. This section will give you some basic considerations and options available to exporters shipping product abroad.
