There are generally two types of export credit insurance:

Short-term export credit insurance:

Under normal circumstances, the risk of export earnings with a credit period of less than one year is guaranteed. It is suitable for export enterprises to engage in export or re-export trade from China through L/C, D/P, D/A and OA.

Medium and long-term export credit insurance:

The purpose is to encourage China's export enterprises to actively participate in international competition, especially the export of capital goods such as high-tech and high-value-added mechanical and electrical products and complete sets of equipment and overseas engineering contracting projects, and support banks and other financial institutions to provide credit financing for export trade; Medium-and long-term export credit insurance enables the insured to effectively avoid the following risks by bearing the commercial risks and political risks stipulated in the policy:

1) Export enterprises recover the risk of deferred payment;

2) The risk of the financing institution recovering the loan principal and interest.

Characteristics of medium and long-term export credit insurance;

1, the principle of capital preservation operation, not for profit;

2, policy business, supported by the state finance.

The role of medium and long-term export credit insurance;

1, transfer the risk of foreign exchange collection and avoid huge losses;

2. Improve the credit rating and provide financing facilities for exporters or importers;

3. Flexible trade payment methods to increase trading opportunities;

4. Broaden the channels of credit investigation and risk identification, and enhance the ability to resist risks.