FINANCING SOLUTIONS FOR YGRTT EXPORT BUSINESS IN RUSSIA
1. Financing under SINOSURE Short-term Insurance / Special Insurance 1.1 Prerequisites 1.1.1 The products must meet SINOSURE's underwriting requirements 1.1.2 The buyer’s qualification must meet the criteria for short-term guarantee provision: Insurance credit (up to 180 days) or special insurance credit (180-360 days) 1.1.3 Uninterrupted payment channels (the paying bank is on the list, and the receiving bank is KUNLUN)
1.2 Documentation 1.2.1 Export/import sales contract indicating product details, payment terms, delivery, etc., and the payment terms should correspond to the insurance credit term approved by SINOSURE 1.2.2 Domestic purchase agreement indicating clear product details, payment terms, delivery, etc. 1.2.3 If applying for special insurance (180-360 days), audited financial statements in English for the last three years are required 1.2.4 Additionally, please provide detailed product information, including explanation of functions, application scenarios, HS code in the Chinese export declaration, and HS code in the Russian import declaration
2. Pre-financing under Letter of Credit 2.1 Prerequisites 2.1.1 Products do not fall under the category of confidential bank products 2.1.2 The buyer has sufficient credit with the paying bank, and the bank list matches that in section 1.1.3 2.2 Documentation 2.2.1 Export/import sales contract indicating product details and payment terms
Send a request
By submitting a request, you consent to the processing of personal data.