There are huge potential rewards for firms that trade in overseas markets. Trading internationally increases innovation, efficiency and commercial lifespan. According to an OECD report from 2009, many UK companies do not get the opportunity to explore the benefits of exporting due to the limitations in finance. Access to finance and financial products is one of the leading barriers to the internationalisation of UK small and medium-sized enterprises (SMEs).
Importing and exporting involves risks. Exporters run the risk of buyers failing to pay for goods, while importers may risk paying but never receiving anything. Due to the language barriers and the diversity in foreign law it may be difficult to resolve any disputes efficiently and economically.
In order to remove some of the risk when exporting, Greater Manchester Chamber has partnered with Bridge Insurance Brokers to bring our members Chamber ExportSure, an innovative and competitive export credit insurance product. ExportSure provides members with a free consultation, three free credit opinions and a unique credit insurance package that is not available anywhere else.
Evaluate the creditworthiness of new overseas customers
Provide protection on your exports
Assist with the local collection of payment
Marine cargo cover if your stock is lost or damaged in transit
Opportunity for UK companies to become more competitive by offering their overseas customers better credit terms
If you want to find out more about ExportSure or book your free consultation, please email email@example.com or call 0161 393 4368/9 and speak to a member of the team.