MUSCAT: A workshop on international trade was recently held by Export Credit Guarantee Agency (ECGA) of Oman, as part of its campaign to enlighten policyholders on the importance of export insurance as an integral part of export.
The session also intended to familiarise customers with insurance processes and the way of collecting receivables on time, in addition to the services provided by recoverproviders in order to mitigate risks.
The workshop, presented by Ahmad Madkour, the general nanager of claims and recoveries in the Middle East at Recovery Advisers, included a range of topics such as the benefits provided by Export Credit Agencies (ECAs), export process and procedures referring to the terms, contracts and methods used in exports.
The workshop also covered international trade criteria, which included the basis and foundation related to international trade. Madkour explained dispute settlements and the bylaws and regulations adopted.
The other topics highlighted export credit insurance as an important tool that provides protection to exporters who sell under credit against non-payment risks. The workshop was attended by representatives and delegates of insured exporters with ECGA of Oman.
Imaad S. Al Harthy, acting general manager, stated that the workshop was the first of a series of workshops to be organised by ECGA. The goal of these workshops is to highlight the services of the agency and its role in promoting Oman’s non-oil exports.
He also pointed out that ECGA has built a partnership with Recovery Advisers for the Middle East to cooperate in the field of debt collection in favor of its policyholders.
