CAPE TOWN - Coface has introduced a new insurance cover meant to protect sales of capital goods and services on a single-transaction basis , called TradeLiner Capital Goods.
The cover protects companies against three major risks: non-payment, pre-shipment and unfair calling bonds which will aid companies from the burden of debt recovery.
“The insurance covers every stage of the transaction from commercial negotiations up until the completion of the contract, and if ever necessary, protection of damaged goods and debt collection,” said William Surmon, chief commercial officer at Coface South Africa.
“It will cover operations with credit periods exceeding 180 days and is flexible and adaptable to clients’ needs.”
- BUSINESS REPORT ONLINE