Sinosure credit limit: What it is and how to obtain it
by Axton Global
A Sinosure credit limit (also called the Sinosure credit rating) is the maximum amount of trade loans that Chinese suppliers can provide to your company using Sinosure insurance.
In order to get the Sinosure credit limit, your company must pass through a credit investigation procedure and receive a credit rating. After the credit investigation procedure, Sinosure will set a credit limit for your company, which can then be used to purchase goods from Chinese suppliers with deferred payment.
The credit investigation procedure takes 21 days.
Once your company receives the credit limit, Chinese exporters with Sinosure insurance policies can book this credit limit (partially or completely) for the shipment of goods to your company with deferred payment.
Usually, the credit limit can be divided into parts of $100,000. For example, if your company's credit limit is $1 million, then each supplier can use 100, 200, and so on until the total amount of trade credits granted to your company reaches $1 million.
The maximum credit limit that can be granted to you is determined by several factors: first of all, your company's financial indicators (the company must be profitable and have sufficient turnover, assets, and so on), credit history (timely payments to your suppliers in the past), and a history of trade transactions with China.
In order to complete the credit investigation procedure, we recommend that you consult with our expert.
Back to Sinosure Q&A →
In order to get the Sinosure credit limit, your company must pass through a credit investigation procedure and receive a credit rating. After the credit investigation procedure, Sinosure will set a credit limit for your company, which can then be used to purchase goods from Chinese suppliers with deferred payment.
The credit investigation procedure takes 21 days.
Once your company receives the credit limit, Chinese exporters with Sinosure insurance policies can book this credit limit (partially or completely) for the shipment of goods to your company with deferred payment.
Usually, the credit limit can be divided into parts of $100,000. For example, if your company's credit limit is $1 million, then each supplier can use 100, 200, and so on until the total amount of trade credits granted to your company reaches $1 million.
The maximum credit limit that can be granted to you is determined by several factors: first of all, your company's financial indicators (the company must be profitable and have sufficient turnover, assets, and so on), credit history (timely payments to your suppliers in the past), and a history of trade transactions with China.
In order to complete the credit investigation procedure, we recommend that you consult with our expert.
Back to Sinosure Q&A →
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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Obtain a new Sinosure credit limit for your company to negotiate deferred payments.
Expand your company's current Sinosure credit limit if you need to supply more goods.
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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