CREDIT INSURANCE AND TRANSPORT FIRMS
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Euler Hermes insures a number of transport firms and throughout the recession said it continued to underwrite substantial amounts of supplier trade credit.
Underwriting manager Dirk Kotze says the company reviews each case on its own merits.
The reasons for any restricted availability of supplier credit would be determined by the circumstances of each company. Factors such as payment history, financial performance and the availability of trading figures contribute to determining the level of trade credit that we underwrite."
He adds: "Given the volatile economic conditions, we have increasingly required management accounts to maintain or extend our support to companies."
To find brokers and companies offering credit insurance, Google "credit insurance". A list of credit insurance companies is at http://en.wikipedia.org/ wiki/Trade credit insurance