Settlement Statistics refers to the data aggregation and analysis of the claim and settlement process in foreign trade. It is typically compiled by exporters, importers, or insurance companies to systematically record the number, amount, causes, processing time, and outcomes of settled claims in situations such as damaged goods, shortage, or quality discrepancies. Usage scenarios include: companies periodically assessing product quality and logistics risks, insurance companies calculating loss ratios, and buyers and sellers reconciling pending claims. Notes: Statistical criteria must be consistent (e.g., calculated based on invoice value or CIF price). Avoid confusing 'settlement statistics' with 'claim statistics'—the former focuses on completed compensation data, while the latter focuses on claim requests filed. Also distinguish 'settlement statistics' from 'trade statistics,' which covers all transaction flows. This term helps companies optimize supply chains, adjust insurance plans, and mitigate foreign exchange collection risks.
📝 Examples
According to last quarter's settlement statistics, claims caused by sea transport moisture accounted for as high as 40%, and we plan to change packaging materials. (Note: Used to analyze claim causes and guide improvement measures.) The insurance company requires us to provide settlement statistics for the past three years in order to recalculate the insurance premium rate. (Note: Used for insurance renewal or rate negotiation.)
💡 Foreign Trade Tips
Foreign trade terms are the foundation of international business communication
Trade practices may vary slightly by country; pay attention when using them
When using terms in contracts, specify the applicable version (e.g., Incoterms 2020)
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