Small And Medium-Sized Textile And Garment Enterprises "Cross The Sea By Using Umbrellas"

"We have been doing business with a large department store in Germany for many years, every year.

A clothing company in Hangzhou has encountered the dilemma of old customers' capsizing.

Because of its trust in its major customers, the company did not include a large German department store in 128 years old into export credit insurance.

In June last year, the department store filed for bankruptcy, which brought great economic losses to the company, and almost dragged the company into a life and death dilemma.

For many years engaged in export business, international

At the same time, some buyers continue to extend the payment period and increase the risk of pactions.

The head of China's credit insurance company said that most of the trade risks encountered by textile and garment export enterprises were from overseas buyers who refused to pay after receiving the goods. But now, from the monitoring information, although the refusal of payment is still the main type of reported cases, other foreign buyers, such as the demand for discount payment and deferred payment on the grounds of economic recession, the risk of invalid letter of credit brought about by the failure of the bank, and the three major risks of direct rejection of export goods, are also causing concern for export enterprises.

Many Chinese textile and garment export enterprises have experienced the problem that overseas accounts can not be recovered, and even a number of enterprises were once trapped in bankruptcy rumors due to huge amounts of overseas accounts which could not be recovered.

"Plug in the wings of free flight"

The external world is so complex that SMEs should face the ever-changing overseas environment. China's credit insurance provides tailored "exclusive" insurance for small and medium-sized enterprises.

It is reported that small and medium-sized export enterprises in Zhejiang will be able to import zero credit export credit insurance from May onwards.

China's Credit Insurance launched the country's first short term export credit insurance simple insurance plan in Zhejiang. The procedures for small and medium-sized enterprises to participate in insurance are simpler, the rates are more favorable and the threshold is lower.

According to the plan, small and medium-sized enterprises with less than US $5 million in Zhejiang (excluding Ningbo) can apply for insurance, with a rate of 0.12%-0.6%.

This scheme has greatly simplified the procedures of insurance participation and expanded the scope.

Enterprises only need to declare their exports once a month, and they can report losses directly after they are out of danger.

As for the export of insured enterprises within a certain amount, as long as the conditions meet the requirements, Zhejiang letter insurance also automatically provides risk protection to ensure full protection, and is no longer limited to the credit limit of Zhejiang letter insurance to foreign buyers.

It is understood that the policy export credit insurance is a kind of international trade practice and our legal trade promotion tool, but the export credit insurance policy of small and medium-sized enterprises has a smaller benefit.

In 2009, 85% of enterprises with export performance in Zhejiang (excluding Ningbo) accounted for less than 5 million US dollars, about 2.3, but they were able to get 5% of the total number of policy export credit insurance support.

After the introduction of the simple insurance scheme for small and medium-sized enterprises this year, Zhejiang export enterprises supported by export credit insurance will double that of last year.

The simple insurance scheme has been launched in Zhejiang for more than 5 months. What is the effect?

Small and medium-sized textile and garment export enterprises, which were not sheltered by export credit insurance, have now had "exclusive" insurance support.

"Since the beginning of this year, small and medium-sized textile and garment export enterprises have repeatedly called or consulted companies to insure comprehensive insurance for small and medium enterprises.

At present, the simple insurance scheme for small and medium enterprises is particularly popular, and the enterprises who have not considered the use of export insurance have come to call for consultation. "

A staff member of China's credit insurance said so.

In addition to the insurance function, Naka Shinbo can also provide financing services for better qualified export enterprises, and share the risk of mortgage loans by signing business agreements with banks to ease the financial shortage of SMEs. This has also become a bright spot to attract comprehensive insurance for SMEs.

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Many small and medium-sized textile and garment enterprises say that with simple insurance programs, they have greater confidence in exports and are no longer afraid of the risks of export.

Miss Lu, general manager of garment export in a garment city in Jiangsu Province, told our reporter: "although our company has not suffered from overseas storm," I have heard some headache since listening to others. Therefore, I will be cautious in the process of export, but there are many factors that we can not predict.

However, I have been observing for a long time the simple insurance plan for small and medium-sized enterprises. It has just solved the problems we are particularly afraid of and can not predict overseas risks. We can let go of it. Although nothing is happening at the moment, I think we should take precaution against it.

It is not just Zhejiang that is protected.

Besides Zhejiang, is there such a simple insurance plan in other provinces? How can the small and medium-sized enterprises in other provinces enjoy the simple insurance plan?

A customer manager of China's credit insurance told our reporter that now, the short term export credit insurance simple insurance scheme for SMEs is not only available in Zhejiang Province, but also in many parts of the country.

The credit insurance E plan, designed by China's credit insurance company specially tailored for small and medium-sized enterprises, was launched in Zhongshan, Guangdong province in August.

The "E plan" mainly provides small and medium-sized enterprises with an annual export volume of less than US $5 million, which provides security for export collection.

In the same month, the Jiangxi provincial chamber of commerce also targeted small and medium-sized enterprises with an annual export volume of less than US $5 million. The joint China credit insurance company promoted the online insurance system of "credit insurance E plan". Eligible enterprises can apply for online credit insurance to reduce operational procedures and insurance costs.

In September 20th, Jiangsu's "SME credit insurance E plan" online insurance platform was opened, and small and medium-sized export enterprises with less than US $5 million in export volume in Jiangsu can directly export export credit insurance at the Jiangsu provincial chamber of Commerce, Jiangsu import and Export Chamber of Commerce and other websites.

He also told our reporter: "this simple insurance plan is only suitable for small and medium-sized enterprises with small export scale and small enterprise funds. Meanwhile, the member enterprises of trade associations can also apply for the purpose of simple insurance under the conditions of qualified size. Our company will formulate an insurance plan according to the characteristics of enterprises according to the export scope of different SMEs, the size of exporting countries, and the size of the company."