How to Use SinoSure
Steve breaks down how SinoSure, China's state-backed export credit insurer, lets factories offer real payment terms, and why more sellers should be asking their suppliers to use it.
Steve Simonson
On-air link:awesomers.com/258
Show notes
A buddy's factory claimed not to know what SinoSure was, which gave Steve the excuse to explain it properly. SinoSure is a state-owned Chinese credit insurer that lets factories get advanced payment from a bank or a factor once a shipment is backed by that coverage, instead of demanding full cash upfront from the buyer.
Steve walks through how the credit and payment flow actually works, who typically covers the fees, and why this matters more now given how many factories are under financial strain.
A practical primer for any importer who wants better cash flow terms with their supplier.