What is SINOSURE insurance?

by Axton Global
Sinosure is the China Export & Credit Insurance Corporation. It provides insurance coverage for trade credit transactions between Chinese sellers and global buyers.

With the Sinosure guarantee, importers worldwide can get deferred payment terms from their Chinese suppliers, typically ranging from 90 to 120 days.

Sinosure history

Sinosure was founded in 2001. Today, it is a key player in China's export support system.

Sinosure is a state-owned national export credit agency (ECA). Its mission is to encourage more exports by providing Chinese manufacturers with protection against non-payment from their overseas partners.

Similar export credit agencies work in many developed countries worldwide. The most well-known ECAs are Euler Hermes (Germany), COFACE (France), Atradius (Netherlands), Eximbank (USA), NEXI (Japan), ECGD (UK), and others.

Why Sinosure can be an interesting tool for importers

For importers worldwide, working with Sinosure credit insurance allows them to facilitate their business development. By engaging with Sinosure, companies can receive goods from Chinese suppliers and pay later within supply contracts on export credit terms.

The typical deferred payment period ranges from 90 to 120 days.

This arrangement means that importers are not required to make upfront payments. Such flexibility enables them to manage their cash flow effectively and conduct ongoing financial operations while awaiting the arrival of goods from China.
Importers from over 100 countries source from China, using trade credit terms backed by Sinosure. From 10,000 to 30,000 importers in each country have already used Sinosure.
Want to improve your imports from China? Get a consultation.

Why Chinese suppliers agree to offer export credits to importers

Chinese factories face intense competition both domestically and globally. To retain customers and encourage long-term partnerships, they can provide deferred payment options.

However, many suppliers hesitate to offer deferments because they lack knowledge about overseas companies and may not have the expertise to assess their financial stability. Additionally, they have typical concerns about potential credit risks and are unwilling to take on such risks.

Sinosure provides a solution to these concerns. When a Chinese supplier enters into a supply contract through Sinosure, they are protected from buyer default and other commercial and political risks — Sinosure covers them all.

As a result, Chinese suppliers are more willing to offer deferred payment terms to their importers and increase trade turnover. Importers gain more trust from their Chinese partners and can negotiate more favorable terms. It's a win-win situation.
Sinosure supports the export endeavors of over 240,000 Chinese factories. With a valid Sinosure insurance policy, these factories are open to extend credit terms to their international partners.

Key Sinosure features

1. Sinosure is a government-owned company and highly trusted by Chinese suppliers.

2. With over 30 offices across China, Sinosure is accessible for all Chinese factories and exporters.

3. Sinosure is supported by the government and offers training programs for Chinese suppliers. So, practically all manufacturers in China know about this insurance tool and understand how to use it.

4. Sinosure focuses on supporting small businesses, unlike other similar entities. It offers favorable terms to small enterprises and allows even small importers to defer payments with Sinosure's guarantee.

5. Sinosure holds the 1st place among national ECAs globally. According to the Berne Union, the total insured amount of Sinosure has been continuously ranked top among ECA members since 2015.

6. Sinosure provides substantial credit limits for importers. Since its mission is to promote exports rather than solely profit-making, it approves higher credit limits compared to commercial insurers.
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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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Our Services
Register your company with Sinosure to access trade credits from suppliers.
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.

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