Episode 10: Understanding Payment Terms & How They Relate to Trade Documents
Receivables Insurance is designed to protect your business from the risk of non-payment if your buyer can’t pay due to bankruptcy, insolvency or other financial hardship. When purchasing this type of insurance it’s important to understand the various payment terms and how they relate to documents, such as invoices, so your credit insurance policy works for your business. Carolyn Nephew, National Vice President of Sales, Trade Credit & Political Risk at Cowan Insurance Group explains some of the terms and provides insights on this edition of the TradeSecurely podcast.
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