Canadian Companies and Sinosure: How Businesses are Successfully Applying for Trade Credits
by Axton Global
Canada is the 10th largest economy on the globe. The country's total imports from China are significant and in 2025 the total import value was 66 billion USD, as stated by the UN COMTRADE database. Specifically, Canada's imported goods from China include $18.8 billion in electronic equipment, $13.6 billion in machinery and tools, $4.26 billion in furniture and electronic signs, $3.1 billion in plastics and $4.7 billion in textiles and apparel.
Canadian importers, however, face challenges due to finance gaps. There is a growing requirement for trade credits for Canadian companies. But with Sinosure's short-term credit insurance, such companies are well-supported. Here we will explain SINOSURE working process.
Canadian importers, however, face challenges due to finance gaps. There is a growing requirement for trade credits for Canadian companies. But with Sinosure's short-term credit insurance, such companies are well-supported. Here we will explain SINOSURE working process.
How does applying for supplier granted, Sinosure-backed credit limits work?
If you are a Canadian-based company, making an application for a Sinosure-backed credit limit requires the following approaches.
• First, you provide Axton Global with your company's fiscal statements going back two complete years. We will make an estimation of the potential credit limit.
• After your financial reports are submitted, Sinosure will conduct a credit investigation which can take up to 21 days
• You will need to sign a contract after negotiating the postponed payment terms with your China-based supplier
• The supplier will launch the credit limit that is insured by Sinosure, in order to export your goods
• Once you have paid your deposit, your supplier will ship your products. At this stage, full payment is not required
• The only thing remaining after this is for you to pay the balance as stipulated in your deferred payment terms
• First, you provide Axton Global with your company's fiscal statements going back two complete years. We will make an estimation of the potential credit limit.
• After your financial reports are submitted, Sinosure will conduct a credit investigation which can take up to 21 days
• You will need to sign a contract after negotiating the postponed payment terms with your China-based supplier
• The supplier will launch the credit limit that is insured by Sinosure, in order to export your goods
• Once you have paid your deposit, your supplier will ship your products. At this stage, full payment is not required
• The only thing remaining after this is for you to pay the balance as stipulated in your deferred payment terms
If you are a company in Canada that trades internationally and imports goods from China, we can assist you in streamlining your international trade. Book a consultation for free to get more information.
We help importers from all over the world to improve their trading terms with Chinese suppliers and extend payments to the supplier for 90 to 120 days
We provide comprehensive consulting services regarding Sinosure credit insurance
Our Services
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- Sinosure credit assessment and credit limit approval process to secure supplier trade credit.
- Advisory on Sinosure-related matters and structuring of complex supplier trade credit transactions.
Contact Us
Book a free online consultation with our specialist.
Axton Global is an international consulting company helping importers worldwide secure trade credit terms with Chinese suppliers.
We serve customers from 82 countries across 5 continents.
info@axtongl.com
We serve customers from 82 countries across 5 continents.
info@axtongl.com