Trade Financing

What We Do

We believe that trade is important in order for a nation to grow and we are here to promote it. General Cargo Services offers Logistics Trade Finance to our customers to ensure that they are able to have a cost effective smooth flow of goods without blocking too much of their capital or bank credit lines. And all of this in a quick manner, with less documentation and without any collateral except for the goods we move and documents we have from our customers. We finance the following –

  • Freight charges – ocean and air
  • Duties and taxes
  • Railage and Trucking Fees
  • Port and Shipping Line charges
  • Other logistics costs

OUR PROCESS

1. Customers provide us with their import volumes and details and we jointly work out their financing requirements

2. Customers fill up the credit application form and send to the sales team of General Cargo Services

3. A detailed background verification and a due diligence process takes place

4. Customer is advised of the outcome which is one of the following :

a. Credit on all import logistics costs including duties and taxes
b. Credit on all import logistics costs excluding duties and taxes
c. Credit on transport and agency fees only
d. No credit at all

5. The credit is subject to minimum volume commitments and payment of a disbursement fee

Advantages

  • Balance Sheet Optimisation
  • Fast and timely access to capital
  • Cargo as collateral
  • Reliable Transportation partner
  • Digital platform