AGAINST RISKS
Insure Your Trade
In the forward sales transactions made against goods subject to your domestic (Turkey) and international trade, the financial losses of the seller (creditor) company due to the reasons stated below are secured.
Recipient (debtor) firm’s:
1. Bankruptcy,
2. Taking a liquidation decision about itself due to its failure to pay its debts,
3. A decision binding on all creditors by a court or an authorized official authority
regarding the payment of their debts,
4. The enforcement proceedings against it are inconclusive,
5. Documentation of insolvency in payment or proof of this in any other way
acceptable to the insurer,
6. Declaring a concordat regarding its debts,
7. Default by not paying its debts on time
Receivables arising from sales of goods with a maturity of up to 180 days to be made to buyers are secured.
