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Ince Gordon Dadds Emergency Response +442072836999

Trade credit

Allied to our Political Risk practice, we developed an expertise in trade credit insurance in the 1990s. Since then, insurance providing cover for commercial credit risk has developed significantly and is often provided in conjunction with cover for political risks.

Our services include drafting, refining and advising on policy wordings, including ones which constitute Basel II compliant credit mitigation instruments.

We have advised clients on contractual defaults, including those prompted by the recession, from debtors coming from many different industries and based in numerous countries. Whatever problem you face, you can be confident that we will have dealt with a similar problem before. In addition to issues arising out of Political Risks we can advise on:

  • Non-payment by corporate entities
  • Non-honouring of guarantees, letters of credit, promissory notes, arbitration awards
  • Unfair calling of bonds
  • Non-repayment of advance payments

And in the event of claim payment:

  • Restructuring of the debt
  • Subrogated recovery actions

For more information as to how we can help you to meet your commercial objectives, please contact Ben Ogden (London) or Chris Crane (London).

Key contacts