# Hespor Finance

> Independent consultancy that helps importers worldwide obtain Sinosure-backed supplier credit — open-account payment terms of 90–120 days from Chinese exporters — through buyer onboarding, supplier negotiation and credit-limit coordination. Not affiliated with Sinosure.

Contact: info@hespor.com · +1-236-866-1249 · Burnaby, BC, Canada.
Disclaimer: Hespor Finance is an independent consultancy. We are not affiliated with, endorsed by, or acting on behalf of China Export & Credit Insurance Corporation (Sinosure). All credit decisions are made solely by Sinosure and the insured exporter.

## Core guides
- [What Is Sinosure? A Complete Guide for Importers](https://finance.hespor.com/sinosure): Sinosure (China Export & Credit Insurance Corporation) is China's state-owned export credit agency, founded in 2001. It insures Chinese exporters against a foreign buyer's non-payment. When Sinosure approves a credit limit on an importer, the exporter can safely ship on open-account terms — typically 90–120 days after shipment — with no letter of credit or deposit.
- [Sinosure Credit Limit Guide for Importers](https://finance.hespor.com/sinosure/credit-limit): A Sinosure credit limit is the maximum amount of a buyer's unpaid invoices that a Chinese exporter's policy will insure at one time. The supplier requests it; Sinosure sets it after reviewing the buyer's financials, history and country risk. With complete documents a decision typically takes 7–21 days, and limits can be increased after 6–12 months of on-time payments.
- [Sinosure Buyer ID and Buyer Code Explained](https://finance.hespor.com/sinosure/buyer-id): A Sinosure Buyer ID (buyer code) is the identifier Sinosure gives your company in its buyer database. Exporters need it before they can request a credit limit on you. It is created from verified registration details — legal name, address, registration number and ownership — and the same code is reused by every Sinosure-insured supplier you trade with.
- [Sinosure Blacklist & Negative Buyer Records Explained](https://finance.hespor.com/sinosure/negative-buyer-record): There is no public Sinosure blacklist, but Sinosure records negative events against a buyer — typically unpaid insured invoices, paid claims and unresolved disputes. A record can reduce or block limits with every Sinosure-insured exporter. No consultant can delete it; the realistic path is resolving the underlying debt or dispute, documenting the resolution and re-applying for assessment.
- [Sinosure vs Letter of Credit vs T/T for China Imports](https://finance.hespor.com/sinosure/vs-letter-of-credit): For an established importer, Sinosure-backed open account usually beats both alternatives. T/T deposits tie up cash before goods ship, and a letter of credit consumes bank credit lines and fees. Sinosure-backed terms let you pay 60–120 days after shipment without using a bank line. The trade-off is strict payment discipline and a credit review first.
- [How to Get Net 90 Payment Terms from Chinese Suppliers](https://finance.hespor.com/supplier-credit-china): Chinese suppliers extend net 60–120 day open-account terms when the risk of non-payment is insured. The standard route is a Sinosure credit limit on your company, requested by your supplier. Show verifiable financials and trade history, pick a supplier that already holds a Sinosure policy, ask for a realistic limit, and pay the first invoices perfectly.
- [Sinosure Intermediary & Consultant — What They Do and How to Choose](https://finance.hespor.com/sinosure-intermediary): A Sinosure intermediary represents the importer through a process that formally runs through the supplier. A good one prepares a complete buyer file, persuades and coordinates the supplier, anticipates underwriting questions and keeps the supplier moving. No intermediary can guarantee approval, set limits, or remove a Sinosure record — anyone promising that is a red flag.
- [Sinosure Trade Credit for US Importers — Net 90 Terms from China](https://finance.hespor.com/sinosure/usa): US importers are eligible for Sinosure-backed open-account terms. A Chinese supplier with a Sinosure policy requests a credit limit on the US company, Sinosure assesses its financials and trading record, and approved buyers typically pay 90–120 days after shipment. With higher landed costs from tariffs, deferring the supplier payment frees significant working capital.
- [Sinosure Trade Credit for Canadian Importers — 90–120 Day Terms](https://finance.hespor.com/sinosure/canada): Canadian companies can obtain Sinosure-backed open-account terms from Chinese suppliers. The supplier requests a credit limit on the Canadian buyer, Sinosure reviews its financials and history, and approved buyers commonly pay 90–120 days after shipment. Hespor Finance is based in Burnaby, BC, and works with importers across Canada.

## Services
- [Sinosure Buyer Onboarding](https://finance.hespor.com/services/buyer-onboarding): Buyer ID set-up and a complete, underwriter-ready buyer file.
- [Credit-Limit Application Coordination](https://finance.hespor.com/services/credit-limit-application): We coordinate the supplier's Sinosure limit request from submission to decision.
- [Supplier Negotiation](https://finance.hespor.com/services/supplier-negotiation): Bring your Chinese supplier on board and negotiate the open-account terms.
- [Additional Suppliers & Limit Extensions](https://finance.hespor.com/services/credit-limit-transfer): Extend insured terms to more suppliers on your existing buyer code.
- [Buyer Record Review](https://finance.hespor.com/services/buyer-record-review): An honest assessment after an unpaid invoice, claim or dispute.

## Tools
- [Free eligibility check](https://finance.hespor.com/tools/eligibility-check): 5-step preliminary assessment for Sinosure-backed terms
- [Trade credit limit calculator](https://finance.hespor.com/calculator/trade-credit-limit): indicative 90-day limit estimate

## Frequently asked questions
- What is Sinosure? — Sinosure (China Export & Credit Insurance Corporation) is China's state-owned export credit agency, founded in 2001. It insures Chinese exporters against the risk that a foreign buyer fails to pay, which lets those exporters sell on open-account terms — typically 90 to 120 days after shipment — instead of demanding deposits or letters of credit.
- How does Sinosure help importers if it insures the exporter? — The policy belongs to the Chinese exporter, but the credit limit is set on you, the buyer. Once Sinosure approves a limit on your company, your supplier is insured if you do not pay, so it can safely ship first and let you pay 90–120 days later. You get supplier credit without a bank loan, collateral or a letter of credit.
- Is Sinosure-backed trade credit a loan? — No. Nobody lends you money. Your supplier extends payment terms (open account) and Sinosure insures that receivable. It does not appear as bank debt, and no collateral or personal guarantee is pledged to a lender — although you must pay each invoice in full on its due date.
- How is Sinosure credit different from a letter of credit? — A letter of credit (L/C) ties up your bank credit line and cash margin before shipment and pays the supplier on presentation of documents. Sinosure-backed open account uses no bank line: the supplier ships on your approved credit limit and you pay on the due date, typically 90–120 days after shipment. It is usually cheaper and uses less of your working capital.
- What is a Sinosure Buyer ID (buyer code)? — A Buyer ID or buyer code is the identifier Sinosure assigns to your company in its buyer database. Your supplier needs it to request a credit limit on you. It is created after your company's identity and registration details are verified, and the same code is used by every Sinosure-insured exporter you trade with.
- What is a Sinosure credit limit? — A Sinosure credit limit is the maximum amount of unpaid invoices that a Chinese exporter's policy will cover on one buyer at any time. If your limit is USD 500,000, the supplier can have up to USD 500,000 of your invoices outstanding on insured terms; as you pay, the limit revolves and frees up again.
- Who qualifies for Sinosure-backed payment terms? — Registered companies with verifiable operations, financial statements and a trading history usually qualify — importers, wholesalers, distributors, brands and e-commerce sellers (Amazon, Walmart, Shopify). Stronger profiles have at least 1 year of operations, positive cash flow, no defaults or liens, and a Chinese supplier that is already Sinosure-insured. Check your profile in 2 minutes with our free eligibility check.
- Can a new importer or startup get Sinosure terms? — Sometimes, with a smaller starting limit. New importers without trade history are usually offered a modest first limit (often in the low six figures) that grows as they build a record of on-time payments. Audited or accountant-prepared financials and a supplier willing to support the application improve the odds considerably.
- Which countries can Sinosure-backed buyers be located in? — Sinosure covers buyers in most countries, but limits and pricing depend on Sinosure's country risk rating, and sanctioned or very high-risk jurisdictions are excluded. North America, Western Europe, the Gulf states and much of Asia and Latin America are commonly covered. Tell us your country in the eligibility check and we will confirm.
- Do I need a company or office in China? — No. Your company stays where it is. What matters is that your Chinese supplier holds a Sinosure export credit insurance policy (or is willing to add you to one). You do not need a Chinese entity, bank account or physical presence in China.
- What products qualify? — Most consumer and industrial goods exported from China qualify — electronics, machinery, furniture, textiles, home goods, auto parts, solar and building materials among them. Restricted, sanctioned or dual-use items are excluded. We confirm product eligibility during onboarding.
- What if my supplier does not have a Sinosure policy? — Many established Chinese exporters already hold a short-term export credit insurance policy with Sinosure, and many more can obtain one. We approach your supplier, explain the process and coordinate the paperwork. If your current supplier cannot participate, we can introduce you to exporters in the same category that already do.
- How long does it take to get a Sinosure credit limit? — Typically 7–21 days once your documents are complete and your supplier submits the request, and longer for large limits or complex group structures. The biggest delays are missing financials and slow supplier responses — both of which we manage for you.
- What documents are needed for a Sinosure credit limit application? — Usually: certificate of incorporation or business registration, the last 2 years of financial statements (audited if available), a recent bank statement or bank reference, company profile with ownership and directors, and trade references or past purchase orders with Chinese suppliers. Exact requirements vary by limit size and country.
- What are the steps to get Sinosure-backed payment terms? — 1) Eligibility check and document collection. 2) Your buyer profile is verified and a buyer code is created. 3) Your insured supplier submits a credit-limit request on your company. 4) Sinosure runs its credit assessment and approves a limit. 5) You and the supplier sign open-account terms (e.g. net 90) and begin shipping. Hespor coordinates every step.
- Can I use my Sinosure credit limit with a different supplier? — A limit is approved for a specific insured exporter, not transferred automatically. However, once Sinosure has assessed your company, a new supplier can request a limit on the same buyer code, and approval is usually faster because your file already exists. We coordinate these additional-supplier applications.
- How do I increase my Sinosure credit limit? — Pay every insured invoice on time, grow your purchase volume with the supplier, and submit updated (preferably audited) financials. After 6–12 months of clean payment history, your supplier can request an increase. Requests backed by recent financials and actual order volume are approved far more often.
- Why do Sinosure credit limit applications get rejected or reduced? — The most common reasons are thin or unaudited financials, negative equity or losses, a very young company, adverse credit records (defaults, liens, litigation), a high-risk buyer country, a requested limit far above actual purchase volume, and incomplete or inconsistent documents. Most of these can be fixed before re-applying.
- Who pays the Sinosure premium? — The insured exporter pays the Sinosure premium under its own policy. Suppliers sometimes build part of that cost into unit pricing on long-tenor terms; how it is shared is a commercial negotiation between you and the supplier, and we help you negotiate it.
- Do I still need to pay a deposit? — Sometimes a 0–30% deposit remains, with the insured balance paid on 90–120 day terms. Many suppliers move to 100% open account once your limit is approved and you have paid a few invoices on time. The exact split is negotiated per supplier.
- How does Hespor Finance charge for its services? — Fees depend on the scope — buyer onboarding only, supplier negotiation, or full credit-limit coordination across several suppliers. We quote a fixed scope after the free eligibility review, before any work starts, so there are no surprises.
- What happens if I pay a Sinosure-insured invoice late? — If an insured invoice stays unpaid past its due date, the exporter must report it to Sinosure. Sinosure may pay the exporter's claim and then pursue you for the debt through its international recovery network. A reported loss is recorded against your buyer code and can reduce or cancel limits with every Sinosure-insured supplier.
- What is the "Sinosure blacklist" and can it be removed? — There is no public blacklist, but Sinosure does keep negative records on buyers after unpaid claims or serious payment disputes, which can block new limits with all insured Chinese exporters. No consultant can delete a record. What can be done is resolving the underlying debt or dispute, documenting it properly, and then re-applying so the buyer is re-assessed.
- What if there is a quality dispute with my supplier? — Raise the dispute in writing, promptly, with evidence (inspection reports, photos, correspondence) before the invoice due date. A documented commercial dispute is treated differently from simple non-payment. Paying undisputed amounts on time protects your buyer record while the dispute is resolved.
- Is Hespor Finance part of Sinosure? — No. Hespor Finance is an independent consultancy. We prepare and coordinate your application with your supplier and represent your interests as the buyer; Sinosure and the insured exporter make every credit decision.
- Why use an intermediary instead of applying directly? — Importers cannot apply to Sinosure themselves — the insured exporter submits the request. An experienced intermediary prepares a complete buyer file, persuades and coordinates the supplier, anticipates underwriting objections and keeps following up with the supplier, which typically means faster decisions and higher approved limits.
- How can I check the status of my application? — Existing clients can request an update through the status check page; our team replies within 1–3 business days with the latest on your Buyer ID, supplier enrollment and credit limit.

## Glossary
- [Sinosure](https://finance.hespor.com/glossary/sinosure): Sinosure (China Export & Credit Insurance Corporation) is China's state-owned export credit agency, established in 2001, which insures Chinese exporters against non-payment by foreign buyers.
- [Export credit agency (ECA)](https://finance.hespor.com/glossary/export-credit-agency): An export credit agency is a government-backed institution that insures or finances its country's exporters so they can sell abroad on credit. Examples include Sinosure (China), EDC (Canada), US EXIM and UK Export Finance.
- [Short-term export credit insurance](https://finance.hespor.com/glossary/short-term-export-credit-insurance): Short-term export credit insurance protects an exporter against a buyer's failure to pay invoices on credit terms of up to about one year, covering commercial risks (insolvency, default) and political risks.
- [Credit limit (buyer limit)](https://finance.hespor.com/glossary/credit-limit): A credit limit is the maximum amount of a specific buyer's unpaid invoices that an exporter's credit insurance policy will cover at any one time. It revolves as invoices are paid.
- [Buyer code (Buyer ID)](https://finance.hespor.com/glossary/buyer-code): A buyer code is the identifier Sinosure assigns to an importing company in its buyer database. Exporters use it to request credit limits and declare shipments to that buyer.
- [Open account](https://finance.hespor.com/glossary/open-account): Open account is a payment arrangement in which the exporter ships goods and documents to the buyer before payment, and the buyer pays the invoice on an agreed later due date, such as 90 days after shipment.
- [Net 90 terms](https://finance.hespor.com/glossary/net-90): Net 90 means the full invoice amount is due 90 days after a defined date — for Chinese exports usually the bill of lading (shipment) date.
- [Tenor (credit period)](https://finance.hespor.com/glossary/tenor): Tenor is the length of the credit period granted to the buyer — for example 60, 90 or 120 days — between the reference date (usually shipment) and the payment due date.
- [Letter of credit (L/C)](https://finance.hespor.com/glossary/letter-of-credit): A letter of credit is a bank's undertaking to pay the exporter when compliant shipping documents are presented. It shifts payment risk to the bank but uses the importer's bank credit line and incurs fees.
- [T/T (telegraphic transfer)](https://finance.hespor.com/glossary/tt-payment): T/T is a bank wire payment. In China trade, "30/70 T/T" means a 30% deposit at order and the 70% balance before shipment or against a copy of the bill of lading.
- [Indemnity (percentage of cover)](https://finance.hespor.com/glossary/indemnity): The indemnity percentage is the share of an insured loss the credit insurer pays the exporter after a valid claim; the exporter bears the remainder.
- [Claim (credit insurance)](https://finance.hespor.com/glossary/claim): A claim is the exporter's request to be paid by its credit insurer after an insured buyer fails to pay. After paying, the insurer normally pursues recovery of the debt from the buyer.
- [Negative buyer record](https://finance.hespor.com/glossary/negative-buyer-record): A negative buyer record is loss or payment-default history an export credit insurer holds on a buyer, which can reduce or block new credit limits with all insured exporters.
- [Limit utilisation](https://finance.hespor.com/glossary/utilisation): Utilisation is the share of an approved credit limit currently used by unpaid, insured invoices. High, consistent utilisation with on-time payment supports limit increases.
- [Country risk rating](https://finance.hespor.com/glossary/country-risk): A country risk rating is an export credit insurer's assessment of political and transfer risk in the buyer's country. It affects whether cover is available, the premium and the size of limits.

## Insights
- [How to Apply for a Sinosure Credit Limit (Step-By-Step Guide)](https://finance.hespor.com/blog/apply-sinosure-credit-limit): Complete step-by-step guide to applying for a Sinosure credit limit, including required documents, timeline, and tips for a successful application.
- [Sinosure Payment Terms: How 90–120 Day Terms Work for Canadian Importers](https://finance.hespor.com/blog/sinosure-payment-terms-90-120-days): Understand how Sinosure-backed 90-120 day payment terms work, including eligibility, benefits, and the application process for Canadian and U.S. importers.
- [What is Sinosure? A Complete Guide for Importers (2025)](https://finance.hespor.com/blog/what-is-sinosure): Learn everything about Sinosure (China Export & Credit Insurance Corporation), how it works, and how importers can access 90-120 day payment terms through Sinosure-backed trade credit.
- [Canadian Companies Turn to Trade Credit Insurance Amid Tariff Risks](https://finance.hespor.com/blog/canadian-companies-trade-credit-insurance-tariff-risks): Rising tariff uncertainty drives Canadian importers to seek Sinosure-backed payment terms as an alternative to traditional bank financing.
- [China Prioritizes Export Credit Insurance Expansion 2025-2026](https://finance.hespor.com/blog/china-export-credit-insurance-expansion-2025): Chinese government guidelines emphasize strengthening export credit insurance to stabilize foreign trade, benefiting Canadian importers seeking extended payment terms.
- [Sinosure-ICIEC Partnership Expands Cross-Border Trade Coverage](https://finance.hespor.com/blog/sinosure-iciec-partnership-risk-sharing): New Sinosure-ICIEC cooperation agreement enhances risk-sharing for international trade, making credit approval more flexible for Canadian importers.
- [Sinosure 2024 Report: Over USD 1 Trillion Insured, SME Focus](https://finance.hespor.com/blog/sinosure-2024-annual-report-trillion-insured): Sinosure's 2024 annual report reveals over USD 1.02 trillion in insured trade, with strategic expansion for SMEs and North American exporters in 2025.
- [Sinosure Short-Term Export Credit Insurance Grows 14.6% in 2025](https://finance.hespor.com/blog/sinosure-short-term-insurance-growth-2025): Sinosure's short-term export credit insurance grew nearly 15% in early 2025, strengthening support for 90-120 day payment terms for Canadian importers.
- [How Sinosure Enables 120-Day Terms Without Bank Loans](https://finance.hespor.com/blog/how-sinosure-enables-120-day-terms): Discover how Sinosure's export credit insurance allows importers to access extended payment terms without traditional bank financing, freeing up cash flow and enabling business growth.
- [Sinosure Buyer ID Documents Checklist | Complete Application Guide](https://finance.hespor.com/blog/documents-checklist-buyer-id): A comprehensive guide to preparing your Sinosure registration application. Learn exactly what documents you need, how to organize them, and tips for faster approval.
- [Case Study: Scaling Orders 300% with Sinosure Payment Terms](https://finance.hespor.com/blog/case-study-scaling-orders-insured-terms): See how one North American importer transformed their business by leveraging Sinosure-backed payment terms, increasing order volumes by 300% while maintaining healthy cash flow.