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Coface Announces TradeLiner Capital Goods

Published

2017

Thu

10

Aug

Coface has introduced TradeLiner Capital Goods, a solution designed to protect sales of capital goods and services on a single-transaction basis.
 
The cover protects companies against three major risks: non-payment, pre-shipment and unfair calling bonds while freeing companies from the burden of debt recovery. This combined with Coface’s online support to manage applications.
 
“The insurance covers every stage of the transaction from commercial negotiations to completion of the contract, and if ever necessary, indemnification and debt collection,” said William Surmon, chief commercial officer at Coface South Africa.
 
“It will cover operations with credit periods exceeding 180 days and is flexible and adaptable to clients’ needs.”
 
An unlimited number of transactions are permitted with a maximum balance of R75 million within the framework of the commercial contract which can run for up to five years.
 
“For collections, Coface’s worldwide network of specialists have indepth knowledge of the necessary legal background and local practices, and always adhere to best collection strategy.”
 
“Coface has a reputation for conducting effective and professional collection techniques while preserving the financial interests and relationship with the client,” he said.
 
Source: CharlesSmithAssoc/Sha-Izwe Communications
 
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Delegated Authority:

An authority given by an insurer to an agent to act on the insurer’s behalf in accepting risks (usually within agreed underwriting guidelines).
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