Textile And Garment Exports Increased In The First Half Of The Year

Recently, a textile and garment export enterprise in Zhejiang has applied for "unsecured and unsecured financing".

In a credit investigation of its clients, Boulevard found that an American buyer of the textile and garment company had applied for bankruptcy protection, and its procurement to clothing enterprises exceeded 10 million yuan.

Home textile enterprises are lucky and afraid after learning the results of the credit investigation.

The number of reported cases increased sharply in the first half of the year.

Xie Chunmin is a professional staff member of the China Export and Credit Insurance Corp Ningbo branch specializing in export risk analysis and insurance service in the textile and garment industry for many years.

An internal information he provided showed that the textile and garment industry in Ningbo was in the first half of the year.

Reached 158, an increase of 90.4% over the same period, 71 cases of claims, an increase of 97.2% over the previous year, a 202% increase in reported losses, and a 367% increase in the amount of claims.

These data are much higher than the average level of Ningbo's letter preservation business, which is also higher than the national average level.

At the same time, Naka Shinbo Ningbo branch also issued industry country warning.

In addition to the countries mentioned above, Brazil, France, Austria, Hungary, and a number of Middle East countries and South American countries have been included in the warning area, totaling 24 countries.

Three factors lead to a sharp increase in risk.

For textile and garment industry

There is a large increase in the number of trade losses reported by experts. Experts believe that there are three main reasons.

1. the European debt crisis has led to the collapse of some settlement banks in Europe and the United States. Some European and American buyers are unable to obtain credit and financial support from banks.

2. agency mode provides space for overseas buyers to exploit loopholes.

At present, the proxy mode represented by Li Feng, Hongkong is prevalent. Under this mode, overseas buyers do not directly meet suppliers, which makes suppliers difficult to understand the real situation of buyers, and it is possible for overseas buyers to implement various fraudulent tricks.

3. Chinese enterprises do not attach importance to buyers' credit management and risk control.

At present, many Chinese enterprises do not attach importance to buyers' credit investigation, and do not attach importance to the management of contracts and accounts receivable.

"Enterprises should not only work hard, but also look up and look around, understand customers, understand the law and understand the market."

CITIC insurance risk control experts have reminded us that the credit situation of enterprises in Europe and the United States will be changed. Even the top 500 companies in the world are laying off workers in a large number of enterprises. Exporters should know the situation of customers and partners in a timely manner.

Credit investigation is very important.

CITIC experts also put forward the following suggestions on how to prevent current trade risks.

1., we should pay attention to the credit risk management from the point of standardizing the contract.

CITIC insurance experts found that some of the reported cases were analyzed.

There are problems such as no written contract, no signature on the contract, no verification of the signer and its qualification, the buyer's name of the contract is not standardized, the content of the contract is not clear, and the terms of trade are vague.

The contract is very important. Enterprises should pay attention to signing written contracts. We should pay special attention to some defensive clauses in the contract, such as quality clause, dispute settlement clause, property reservation clause, rescission clause, penalty clause and so on.

2. enterprises should pay attention to analyzing the risk characteristics under various payment methods.

All kinds of trade payment methods have certain risks.

We should be good at analyzing potential payment risks of DP, letter of credit and other payment methods, and take some precautionary measures.

3., enterprises should attach importance to the management and collection of accounts receivable.

We should set up a reminder procedure for accounts receivable which is not yet due, be alert to the risk signals appearing in the paction process, and timely urge the seller to report money to the credit insurance company in time.