- 11 Sep
Bibby Financial Services Launch Pre-Shipment Trade Finance
Bibby Financial Services (BFS) have launched pre-shipment trade finance to support UK importers needing to pay overseas suppliers in advance of goods being manufactured and shipped.
Pre-Shipment Trade Finance
Traditionally, trade finance is only available to pay overseas suppliers, once the goods have been shipped. It them provides the importer with the opportunity to sell on the shipment of goods, in order to repay the finance. In many cases, importers use a factoring arrangement to both collect the invoices to debtors and repay the trade finance with further prepayments.
This new service from Bibby accelerates the funding cycle by allowing importers to access this type of finance much earlier in the manufacturing cycle. This improves cash flow and can enable UK importers to negotiate lucrative supplier discounts, in return for preshipment payments.
This change from the traditional funding model has been made in the light of changes to supply-chain relationships, in the wake of the Brexit referendum.
If you would like more information about trade financing generally, we have more specialist trade finance information on our website. Alternatively, please call Sean on 03330 113622 to discuss your requirements.
You can use the link at the top of this post to contact our funding partners, Bibby Financial Services, directly about their pre-shipment trade finance.
- 26 Oct
Funding Exports To The Former Soviet Bloc
Another example of the diverse range of customer issues that we are able to solve. We were contacted by an exporter that has two debtors based in a former Soviet bloc country. He was looking for finance against his sales to these debtors and had not had any success finding a funding company that could assist with prepayments against his invoices.We spoke to a number of our funding partners and...
- 22 Oct
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- 09 Oct
How To Increase Your Buying Power
If you are in a position where you could accept more orders if you were able to buy more goods, you may want to know how to increase your buying power. We have a solution called trade finance, a financial service that allows you to buy goods by bridging the cash flow gap between paying your supplier and receiving payment from your customers.You may even be able to negotiate pricing discounts with...
- 05 Aug
The Benefits Of Using A Trade Finance Broker
We have just seen a real example of the benefits of using a trade finance broker, in action.We had a trade finance enquiry recently, from a company that were looking for a trade finance facility in order to fund imports to the UK.Initially, the company used one of the direct contact forms on our site, to request a quote direct from one of our panel of trade finance companies. So by using this...
- 22 May
Pre-Invoicing Requires Trade Finance
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- 21 Oct
Woodsford Tradebridge Launch Event
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- 06 Sep
Trade Finance Quotes
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- 09 Jun
Meeting With A Trade Finance Company
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- 05 Apr
Trade Finance Available
Trade finance can work in a number of ways but in simple terms it bridges the gap between having to pay for goods (often shipments of imported goods) and getting paid for them by your buyers, once you have sold them. I started work in trade finance, in 1988, way back when Barclays had a trade finance arm called Bexco Ltd. Since then there have been several revolutions of providers withdrawing...
- 02 Jul
Trade Finance and Import Finance
Trade Finance (or import finance) can be used to finance imports from abroad into the UK. You can even repay the trade finance using your sales invoices via invoice finance - a very neat solution for importers: FundInvoice | Trade Finance & Import Financing | FundInvoice....
- 09 Mar
Trade Finance Article
Trade Finance can be used to finance the import of goods from abroad and bridge the gap between having to pay your supplier and receiving/selling the product. This article is about: Trade Finance...
- 30 May
Paying Overseas Suppliers By Letter Of Credit (LC)
A "letter of credit" is a financial instrument issued by a bank or similar financial institution that requires the supplier of goods to submit specified documents in order to receive a specified payment after a given time.This gives the overseas supplier the confidence to ship your goods knowing that they will be paid if they satisfy the requirements of the letter of credit and it gives the buyer...
- 25 May
Trade Finance Can Fund Your Imports From Abroad
If you are an importer of goods from abroad trade finance could help you fund and pay for those imports and shipments.If you have confirmed orders from well known debtors against which you are importing goods into the UK, trade finance could make the payments to your overseas suppliers for you (by letter of credit if necessary) and then the trade finance is repaid from the money received from...