by Trade Risk Group | Apr 29, 2016 | Uncategorized
Credit managers are often faced with the task of getting paid when they have a letter of credit that contains conflicting issues. Compounding this problem is the fact that banks have no incentive to change their practices regarding fee-generating services since the...
by Trade Risk Group | Mar 9, 2016 | Uncategorized
Soft Credit Insurance Market Equals Opportunities for Credit Pros Things aren’t too bad now. Right? Business bankruptcies are down 52.9% in the first half of 2014 compared to the same period in 2009, when corporate bankruptcies hit their peak at 60,837. Many US...
by Trade Risk Group | Mar 9, 2016 | Uncategorized
Can a Company Use Chapter 11 to Shield Itself from All Product Liability? An interesting legal question that will be playing itself out over the next number of months is whether a company’s Chapter 11 filing gives it the ability, once it has emerged from Chapter 11,...
by Trade Risk Group | Mar 9, 2016 | Uncategorized
If you are an exporter, and you sell using secured terms like cash against documents, one risk in your transaction is that you deliver your product in good faith to your customer’s port, but your customer does not accept them. For exporters of commodity products,...
by Trade Risk Group | Mar 9, 2016 | Uncategorized
Recently, one of our clients had a potential claim with a covered customer in Mexico. The customer was not insolvent, but they were not making any payment on the $135,000 that they owed. Our insured decided to file a claim on their policy immediately, which allowed...
by Trade Risk Group | Mar 9, 2016 | Uncategorized
Recently, hog producer Agfeed Industries filed for Chapter 11 bankruptcy protection. One interesting factor about this bankruptcy is that, on paper prior to their filing, Agfeed did not set off any alarms about their financial condition. The company had $244 million...
