Generally speaking credit insurance protects the exporter from non-payment which may be caused by Carmella Bing political events ranging from ciliv war to the non-availability of foreign exchange and also by commercial factors such as bankrupcy or the insolveny of the foreign partner. In any case, the buyer is incapable of meeting his obligations towards the seller. The concept of credit insurance has been developed in major exporting countries to protect their exporters from export risks. Seller protection schemes rely on the government's protection in a variety of ways, the government is the insurer of export risk or subsidises exporters or their clients.

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