Trade Assurance
International trade assurance refers to a set of measures that are put in place to protect international buyers and sellers in the event that one party does not fulfill their obligations under a trade agreement. Anchor has partnered with some of largest financial service companies that provides trade assurance. Please visit Anchor Club for qualification and application detail. Here are some common types of international trade assurance:
Letter of Credit
A letter of credit is a financial instrument issued by a bank on behalf of a buyer, which guarantees that the seller will be paid for the goods or services provided. This provides protection for the seller in case the buyer defaults on payment.
Trade Insurance
Trade insurance is a type of insurance that protects businesses against the risks of international trade, such as non-payment or the inability to deliver goods due to unforeseen circumstances.
Escrow Services
Escrow services involve holding onto funds or assets until certain conditions are met, providing protection for both the buyer and the seller.
Payment Guarantees
Payment guarantees are issued by banks or other financial institutions, and provide assurance to the seller that they will be paid for their goods or services.
International Trade Financing
International trade financing refers to the various financial products and services that are available to support international trade, such as export financing and import financing.
Trade Credit
Trade credit refers to the credit extended by a supplier to a buyer, allowing the buyer to purchase goods or services without paying upfront. This can provide protection for the seller in case the buyer defaults on payment.