13. After hearing a talk on "safer exporting" I asked my freight forwarder to arrange credit insurance for me, but he replied that this was for me to do. Is he right?
Yes. A forwarder will often arrange cargo insurance which covers you against loss, damage and sometimes delay to your goods in transit. Credit insurance protects you against the risk of not getting paid and you must arrange this yourself. Credit insurance is described in the Guide, pp. 5-6 of the current issue. Cover can be arranged direct with the insurer or often through a bank's export finance scheme whether or not you use that scheme, a facility especially useful for "smaller" exporters.
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Email:
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