Sinosure Payment Terms: How 90–120 Day Terms Work for Canadian Importers

What Are 90-120 Day Payment Terms?

90-120 day payment terms mean you receive your goods from Chinese suppliers and have 90 to 120 days after the bill of lading date to make payment. This is significantly different from traditional arrangements that often require 30-50% upfront deposits.

These extended terms are made possible through Sinosure export credit insurance, which protects the supplier against non-payment risk, giving them confidence to extend credit to international buyers.

How These Terms Work in Practice

The typical structure involves several key steps:

1. Buyer Registration: You register with Sinosure and receive a Buyer ID
2. Credit Assessment: Sinosure evaluates your creditworthiness and assigns a credit limit
3. Supplier Enrollment: Your Chinese supplier obtains Sinosure insurance coverage
4. Order Placement: You place orders with agreed payment terms (e.g., Net 90 or Net 120)
5. Shipment & Invoice: Goods ship, and the payment clock starts from the B/L date
6. Payment: You pay the supplier within the agreed timeframe

Eligibility and Requirements

To qualify for Sinosure-backed payment terms, importers typically need:

• Minimum annual revenue of $500K-$1M
• At least 1 year of operating history
• Positive cash flow and clean credit record
• No recent bankruptcies or major delinquencies
• Established import activity from China

Use our Trade Credit Limit Calculator to estimate your potential credit limit.

Benefits for Your Business

• Improved Cash Flow: Sell inventory before paying suppliers
• Increased Purchasing Power: Order more without depleting working capital
• Competitive Advantage: Better terms than competitors still paying upfront
• No Traditional Financing: No loans, no interest, no collateral requirements
• Supplier Confidence: Insured transactions build stronger relationships

How to Get Started

Hespor Finance specializes in helping Canadian and U.S. importers access Sinosure-backed payment terms. Our process includes:

• Initial eligibility assessment
• Buyer ID registration assistance
• Documentation preparation and submission
• Supplier coordination and enrollment
• Ongoing support for credit limit management