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Financing
the whole working capital cycle. This is how it works:
You must have
a firm order from a customer on which we can obtain credit
insurance cover. We will then arrange to issue a Letter
of Credit to your supplier on terms acceptable to all parties.
If required we can assist you with all aspects of shipment
including marine insurance, clearance of the goods through
ports, handling of shipping documents and release notes
and, if appropriate, warehousing arrangements.
Upon
presentation of documents in accordance with the terms of
the Letter of Credit your supplier will be paid in full.
The goods are then delivered to the end customer and we
will raise an invoice for the full value. At this stage
and subject to satisfactory proof of delivery we will be
prepared to advance further funds to you provided that the
total amount advanced together with monies paid out under
the Letter of Credit does not exceed 80% of the invoice
value.
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Merchant
finance cycle