The challenge: The University of Wollongong was keen to buy an x-ray imaging camera from Christchurch’s MARS Bioimaging. But the university’s requested payment terms spanned almost two years, to agree to the sale.
The Problem: Manco secured a significant contract to install rail lines into 31 kms of tunnels for Sydney Metro. As with most sizeable public contracts, Manco needed to be able to provide bank security over completion of the job.
This application is for a New Zealand bank (the Applicant) seeking New Zealand Export Credit’s commercial and political risk coverage in respect to letters of credit and avalised bill of exchange in collection transactions.
Please complete this application if you are a New Zealand Exporter seeking New Zealand Export Credit’s commercial and political risk cover in relation to short-term, open account sales with a foreign buyer.