Risk Management Seller's Interest and Contingency Insurance
SGS provides trade risk guarantees covering weight and quality discrepancies as well as trade risks.
As part of this package of guarantee services that reimburse you when specific circumstances prevail, we offer seller’s interest cover (also known as contingency insurance).
Our seller's interest, contingency insurance provides protection if your customer (as the importer) is responsible for insuring against – or at least bearing the risk of – potential damage or loss. As the exporter in these circumstances, you may have no direct control over the level of insurance provided by your trading partner. This could mean that you need to consider your potential liability should the buyer have insufficient insurance cover, or become insolvent before you receive payment.
To minimize your exposure to this potential risk, we offer seller's interest, contingency insurance.
Other guarantee services
In addition to our seller's interest, contingency insurance, we offer a range of guarantee services, including:
- Comprehensive Cover
- Full Outturn Guarantee (FOG)
- Full Outturn Quality (FOQ)
- Rejection Guarantee
To find out more about our seller's interest, contingency insurance – as well as our other trade risk guarantees – contact SGS now.