Short-Term Finance Solutions, Part Two: Zeeco Wins Larger Projects

May 21, 2015

The Export-Import Bank of the United States (EXIM) held its 2015 Annual Conference April 23 – 24. At the conference, four business leaders joined Sean Mulvaney, a member of EXIM’s Board of Directors, for a breakout session on short-term finance solutions. Panelists discussed how EXIM equipped their companies to overcome obstacles and grow their export sales.

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Surety Bonds for Exporters: What is a Performance Bond?

May 19, 2015

What is a Performance Bond?

A performance bond is a type of surety bond that protects a foreign buyer against an exporter’s failure to perform as agreedessentially insurance for the importer.

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Surety Bonds for Exporters: What is a Bid Bond?

May 12, 2015

What is a Bid Bond?

A bid bond is a type of surety bond that protects a foreign buyer against an exporter’s failure to honor a bid submitted for an export contractessentially insurance for the importer.

Bid bonds are often required by buyers to award international contracts, particularly when buyers and sellers do not have established relationships. The agreement protects buyers against economic damages and gives them assurance that they will be compensated when sellers win a bidding process, but fail to honor their commitment.

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