5 Enterprises in Cixi Paid an Insurance Indemnity of 3 Million Yuan
- Details
- Category: Ningbo Business
- Published: Tuesday, 11 October 2016 10:02
As a result of the abrupt bankruptcy of TERMOZETA, a renowned Italian purchaser, Export Credit Insurance Agency of Yuyao and Cixi (thereinafter referred to as the Agency) paid an indemnity of nearly 3 million yuan to 5 enterprises recently including Huayu, Yueli, Riwei, Keshuai and Huaguang Electric Appliance Company.
It is known that at the end of June, 2016, TERMOZETA applied for preliminary bankruptcy, which purchased household appliances long from related enterprises in Cixi. Owing to the suddenness and wide-ranged effects, many enterprises in Ningbo were hit by tremendous shock and at a loss, among which many were still producing and preparing to ship electric appliances. The Agency released a warning at first time, bringing 5 enterprises to lodge cases with 3 million yuan involved.
Thereafter, a green and efficient indemnity mechanism was initiated to intensively address these cases. At present, the Agency has delivered unified notifications to the 5 enterprises while handing reparations separately to their representatives with the money totaled at nearly 3 million yuan.
