Mohammed has sold products to an overseas customer that wants to pay in 30 days.Mohammed wants to insure the customer's payment.What agency should Mohammed contact to arrange insurance coverage?

Question

Quizplus · Accepted Answer

The Export Development Corporation (EDC) is a government agency that provides insurance coverage to Canadian exporters to protect against the risk of non-payment by foreign buyers. They have a specific product called accounts receivable insurance that would be helpful in this scenario. The other options listed, such as the Canadian Commercial Corporation and Canada Revenue Agency, do not offer this type of insurance coverage. The Canadian Trade Commissioner Service may provide support and advice on exporting, but they do not offer insurance coverage.

Mohammed Has Sold Products to an Overseas Customer That Wants