How Sinosure is Streamlining International Trade for Singapore-based Companies

by Axton Global
Singapore is a huge trading hub. Its trading hub status is probably as old as the settlement itself. In fact, its global commerce has been called the lifeblood of Singapore, and it is because Singapore has put in place shrewd economic policies that SMEs and MNCs call Singapore their home.

The country's import volume from China is enormous and it has now become a part of the Belt and Road initiative, which directly impacts its ecosystem. Companies such as DBS Singapore have even signed cooperation agreements with Sinosure to work on projects that are mid and long-term, with these projects being insured by Sinosure. However, there are still many, perhaps thousands of Singapore-based companies that import goods and materials from China, and the vast majority don't have enough working capital.

As a result, such companies might need, but lack, short-term trade credits, which is exactly how Sinosure makes a difference. It provides trade credit insurance, making it simpler for Singapore companies to obtain trade credits issued by Chinese suppliers. Here is how Sinosure is streamlining international trade for Singapore companies.
Axton Global assists Singapore-based companies in obtaining deferred or postponed payment conditions from Chinese suppliers via the Sinosure Credit Insurance tool. Get approved for a Sinosure credit limit and gain the ability to defer payments of 90 to 180 days without any difficulty. For more information visit our homepage or book a consultation.
Sinosure short-term credit insurance: how it works
Sinosure is a Chinese state-owned insurance company that arranges export insurance for Chinese exporters. It guarantees that suppliers always receive payment for their goods – even if overseas buyers default on their payment obligations.

There are a few steps involved in setting up a credit:

Your business will need to be evaluated in a credit appraisal
You will be provided with a credit rating
After this, the insurance company will establish and grant you a credit limit
The Chinese exporter will register their contract with the insurance company
They will obtain insurance for the invoice
You will make a deposit for the goods you have solicited
Your goods will be delivered by the exporter – with no payment required from you
After the period of postponed or deferred payment you will make your payment
What impedes Sinosure credit estimation and how to solve it?
Given that it is not compulsory for Singapore-based companies to publish or reveal their financial standings, or make information about their business' finances known, this can stand in the way of a Sinosure credit estimation. With Axton Global, this obstacle will not hinder your ability to be granted a credit limit.

Our services make approvals simpler by using a manual approach to gather the required documents. We then upload these essential documents to a database and facilitate the process of getting a credit limit for your company.
Does your company import products from China? Streamlining and enhancing trading terms with your supplier is more than possible with the Sinosure credit insurance tool. Explore your options with a consultation now.

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 180 days using the Sinosure credit insurance tool

We help companies to obtain a new Sinosure credit limit, increase existing credit and provide comprehensive consulting services regarding Sinosure credit insurance
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