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Australian Wine Industry Credit Insurance SchemeAustralian Wine Scheme - Quick Prop
Great news for the Australian wine industry with Austbrokers Trade Credit, Sydney, being granted the exclusive rights to market the Australian Wine Industry Credit Insurance scheme. This attractive Australian scheme has been established in co ordination with Euler Hermes.
International competition is intense with the wine industry encountering significant credit demands. This tailor made Australian insurance facility provides a sensible method of reducing trading risks with the cover protecting vineyards against the risks of buyer insolvency, protracted default and contract repudiation. Cover applies to both domestic and export sales and contracts and also facilitates access to finance and enhances competitiveness by providing flexibility to improve credit terms and price.
The credit policy premium is linked directly to open account sales turnover and provided your bad debt experience is good, the rates and conditions are extremely competitive.
The pilot to the Australian scheme, established in New Zealand over 5 years ago continues to grow at a significant rate, and is recognized as the industry leader being supported by over forty vineyards. A list of members is available upon request. Further information can be found on www.winetitles.com.
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