Also in the news...
Buyer Credit Facility
How the Buyer Credit Facility works, its benefits, eligibility and how to apply.
Check the amount of guarantee you need for transit movements
Why you need a guarantee and how to work out how much guarantee you need to cover your movements.
Who needs an EORI
You may need an Economic Operators Registration and Identification number (EORI number) if you move goods:
When HMRC selects your goods for inland pre-clearance checks
Find out how inland pre-clearance checks affect you and what you need to do when HMRC carry out checks on your goods.
Small businesses set to see a boost in exports and growth with new expert panel
As part of the Government’s plan to support small businesses and boost global exports a new Board of Trade has been unveiled today.
Export insurance policy
Find out about the Export Insurance Policy - how it works, its benefits, and its main features
Overview
The Export Insurance Policy insures an exporter against the risk of not being paid under an export contract or of not being able to recover the costs of performing that contract because of certain events which prevent its performance or lead to its termination.
How it works
In carrying out the contract the exporter may incur costs before delivering goods and providing services to the buyer. For example, it may need to buy raw materials, manufacture parts or hire staff. The policy provides cover against the exporter not being able to recoup those costs because of the occurrence of an insured risk which leads to the contract’s termination or prevents its performance.
As goods are delivered, the exporter may become entitled to payments under the terms of the contract. The policy provides cover to the exporter against non-payment of those amounts where the exporter has fulfilled its contractual obligations.