If you are involved in trading and are looking for a bank or financial institution to backup your business financially, then letters of credit are the best trade finance product to choose from your lender. A letter of credit is a great financial instrument which would allow your shipment to arrive safely even though you have not paid for the goods in advance. A bank-issued letter of credit assures your suppliers that payment will be made at the submission of the bill of loading that the seller receives after dispatching the consignment from the carrier.

It is a great arrangement because the bank takes care of the financial end as you may be lacking in cash flow or cash reserves to fund the big purchase. As a seller, you can get advance payment from your bank against the assured orders, because they know that the buyer’s bank will make the payment in case the buyer fails to meet the payment. Trade finance products are great financial instruments designed to help businesses to carry out the import/export of goods with national and international suppliers. What is trade finance? Trade finance is a guarantee of payment assured by a bank through one of their trade finance products to a seller on behalf of the buyer, and it ensures that the trade transaction is conducted smoothly between the buyer and seller.

A trade finance account is important to have if you are a goods dealer within the UK, as it will allow you to carry out local and overseas imports with greater freedom because the bank will stand guarantee or pay for the goods you have ordered from a supplier. Davenham Trade Finance are one of the top companies providing various trade finance products to buyers in the UK, and providing highly flexible terms for traders at a reasonable price. Visit the website at www.davenhamtradefinance.co.uk to find out more about their products and services. You can also call them on 0161 832 8484 to talk about your requirements or send a detailed email to [email protected] to get an instant reply.

About Us

Davenham Trade Finance is a Manchester based financial institution and it offers various trade finance products to businesses with highly flexible terms.

Contact Us

Davenham Trade Finance
55 King Street, Manchester, M2 4LG
Phone: 0161 832 8484
Fax: 0161 832 9164
Email: [email protected]
Web: www.davenhamtradefinance.co.uk