The reason for the non-payment of a credit to the seller can sometimes be the foreign buyer’s bankruptcy. The bankruptcy risk

In legal terms, the parties of an export credit insurance transaction are the insured seller and the ECA or private insurer.

Export credit agencies (ECAs) are state-supported agencies established to support export from their countries by insuring export credit risks on behalf of their states.

Export credit agencies (ECAs) are state-supported agencies that provide export credit insurance to sellers from their countries when selling goods

Fraud is criminal behaviour in which one party uses deceit or other dishonest means to deprive another party of its money or property.

The bill of exchange is often mentioned in connection to payment agreed in international commercial contracts. The purpose of the bill of exchange

It is often mentioned that a letter of credit (LC) should be irrevocable and that the seller should not accept a revocable LC. Nowadays

The purpose of a letter of credit transaction is to make payment to the seller by the foreign buyer’s bank against the presentation of documents representing the goods.