Sinosure Insurance for Buyers from Brazil. New opportunities for Brazil Importers.

Because Brazil is one of the world's biggest importers of Chinese goods, many Brazilian buyers enjoy the support of Sinosure when dealing with their Chinese suppliers. Thanks to Sinosure (the state-owned export credit insurance provider), importers can order goods from China on deferred payment terms.

In this article, we describe the special case of one of our Brazilian customers who contacted us in early 2021 asking if we could help the company both to obtain a Sinosure credit limit and to increase an existing Sinosure credit limit.

Solar Trade, one of Brazil's leading solar panel distributors, was about to start working with a new solar panel supplier in China. They had an order for solar panels worth one million US dollars and needed a 90-day deferred payment on the order. This was feasible using the Sinosure credit insurance tool, but first they would have to obtain a Sinosure credit limit.

As the financially weaker member of a group of companies, the buyer's importing company was unable to qualify for a 1 million dollar credit limit without financial support.

This was our 3-step solution.

1. Credit limit setup for the importing company
2. Credit limit increase, guaranteed by the parent company
3. Credit limit transfer from another supplier

First, we enabled the importer, Solar Trade, to get a $500 000 credit limit approved for a single company. This was not enough to start the contract. We, therefore, needed to obtain an additional $500 000 credit limit. This we did by completing a set of documents in which the parent company guaranteed to increase Solar Trade's financial strength. Thanks to the Guarantee, Sinosure underwriters agreed to increase the credit limit to $1 000 000, thus providing the green light to start the contract.

In addition, we later found out that one of Solar Trade's former suppliers in China—who the company had decided not to work with—had already booked the company another credit limit of $300 000 and was no longer going to use it. Due to our expertise in the field, we were able to arrange the transfer of this credit limit from the old supplier to the new one, so Solar Trade is now enjoying a 1.3 million dollar credit limit, empowering its ability to import and supporting its business with the new supplier.

Are you searching for a Sinosure credit limit for your Brazil-based organization's trade and imports? Our Sinosure consulting services and provision of expertise will simplify the entire procedure, enhancing your resulting international trade. Book your consultation for more information.