Switzerland to overhaul export risk insurance law amid trade turbulence
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What’s ECGC Insurance in Export Business? Hello Friends, ECGC Insurance plays a crucial role in the export business by protecting exporters from the risk of non-payment by overseas buyers. Backed by the Government of India, ECGC provides insurance cover against commercial and political risks, helping exporters secure their receivables, gain easier access to bank finance, and confidently expand into global markets. It is an essential risk-management tool for sustainable export growth. Upcoming Of
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The Importance of Insurance in Export-Import Business In international trade, risks depend on Incoterms. As an exporter or importer, ensure you have proper insurance based on the agreed terms. - FOB or CIF. Risk transfers to the buyer once goods are shipped. The buyer should insure the goods. - DDP. The exporter bears all risks until delivery and must have insurance. By choosing the right Incoterm (like FOB or CIF), exporters can shift risk to the buyer after shipment. Always insure goods accord
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Importance of Insurance and Packaging in the Export Business 🌍📦 In the export business, insurance and packaging are not optional—they are essential. When goods travel across countries, they face many risks. Proper insurance and strong packaging protect your cargo, money, and business reputation. Why Insurance Is Important Exporting involves many uncertainties. Your cargo may face rain damage, fire on the ship, accidents, theft, or delays. These risks are beyond anyone’s control. If something g
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In FOB (Free On Board) terms, the buyer is responsible for insurance. Here's a quick breakdown: Seller's responsibility ends once the goods are loaded on the vessel at the port of shipment. From that point onward, the buyer bears all risks, including insurance, freight, and any damage or loss during transit. So, under FOB, if the buyer wants to protect the goods during sea transport, they must arrange and pay for marine insurance. #harshdhawan #export #import #business #exportexpertsglobal #indi
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