Berne Union Members Directory
Category: Directory of Directories
What it is useful for
Finding export credit agencies, credit insurers, and investment insurers that may support payment-risk cover.
Helpful terms: Letter of CreditA bank undertaking to pay the seller when presented documents comply exactly with the LC terms, shipment dates, values, descriptions, and required certificates., Open AccountA credit arrangement where the seller ships or delivers first and the buyer pays later under agreed invoice terms such as net 30, net 60, or another due-date rule., Currency RiskThe risk that exchange-rate movement between quote, PO, shipment, invoice, and payment changes cost, margin, or cash requirement.