CRB ~ Export Credit
Export Credit Insurers
help exporters of
goods to win business and to invest overseas by providing guarantees,
insurance and reinsurance against losses.
As
part of a risk management
process the insurer makes a judgment on the ability of the vendor to
meet its debt obligations but on occasion the sale of goods will not be
completed due to the purchaser going into administration or declining
to meet their obligations where changes in exchange rates may make the
original purchase an uneconomic venture.
Following expiry of the
usual waiting
period as prescribed by Export Credit Insurance Policies we are
frequently appointed to actively research the cause of the dispute. We
identify originating fraud which may exclude liability under the
policy. Export Credit Insurers acquire subrogated rights and we also
act for their clients pre-payment to identify alternative markets for
goods where they are in distress incurring high demurrage and storage
charges. We agree extended periods of storage avoiding expensive
enforced sales of goods and actively seek to mitigate the
insurer’s exposure by finding alternative outlets for cargo
on
the best terms possible.