Credit Insurance in the shipping and freight forwarding industry

Credit Guarantee, the leading underwriter of debtors insurance in South Africa and subsidiary of listed short-term insurer Mutual & Federal, has quietly moved into the Customs Bonds arena.

"We offer the most comprehensive, cost effective, professional credit insurance package for clearing and forwarding houses and have now extended our service to provide customs guarantees," says Liz Botha, senior manager at Credit Guarantee.

"Rates in the industry are constantly under pressure so our clients are always challenging us to provide tailor-made solutions.  Our underwriting capabilities will cater for any market that our clearing and forwarding agents enter.  We have a world-class database that is enhanced by unparalleled expertise to cater for our clients every need. Having just returned from an extensive 'partnering exercise' with one of our colleague companies, N.V. Nationale Borg-Maatschappij, Netherlands, I am happy to say that Credit Guarantee's systems and services are on a par with the best internationally," concludes Botha.