Some of the benefits of the First Exim Financial Limited
Trade Finance Program
For your customers that are unwilling to issue a letter of credit
First Exim is able provide this service.
As your
vendors and suppliers continue to request letters of credit and as your
customers are becoming less agreeable to provide you with letter of credit,
or are demanding open account terms, we will consider providing the
necessary letters of credit.
For your customers that are unable to provide letters of credit
First Exim is able to do so.
First Exim is able to look at the final recipient of the
goods and issue a letter of credit based on their credit. If you are selling
to a USA based import company who is reselling to other retail businesses
with good credit, we may be able to issue the letter of credit based on the
credit of the customer's customer. This requires the cooperation of your
customer.
Have a financial partner in the USA -
Let us
assist with the details of the transaction by using our staff and service
providers. If we are putting up the funds for the letter of credit then we
will have an incentive to make sure the transaction is carried forward
properly.
Gain the benefit of our experience -
Our
activity since 1992 has given us exposure to a large number of transactions
in many different industries and many different countries. Such a breadth of
experience can be used to your benefit as we work to implement our
risk-management procedures to protect us all.
Marketing -
So many of our clients have
great strengths in marketing but are constrained by financial and
administrative issues. Our program can unleash these constraints and allow
the client to focus on marketing and selling, usually what a client is best
at.
Off Balance Sheet Financing -
First Exim
takes title to the goods and sells the goods to the USA based customer. The
initial funding of the transaction is not on the books of the client.
Get it done attitude -
The functional
proficiency and desire to retain a long term relationship with our clients
inspire us to keep the client's best interest in mind and to maximize the
profit of the client.
Professional and courteous service -
Our
staff and service providers are charged to provide fast, professional and
courteous service.
We strive to maximize the profit of the client -
We realize that we can not exist with out successful clients
and it is in our best interest to keep our clients for a long time. For
these reasons, we strive to put the clients interest first without undue
risk for either the client or ourselves.
Commercial Risk -
Through the use of one of
our risk management tools, the Boyd Brown Risk-TransferŽ Program we are able
to minimize the commercial risk to you, your factor and us. The combination
of in-process inspections, a random final inspection and insurance coverage
works well to catch goods that do not meet the specifications issued by your
customer.
Financial Risk -
Our credit underwriting is
augmented by our credit insurance policy with American Credit Indemnity, a
Euler Company. In general, insolvency coverage is in-place from the time we
purchase the goods on our clients behalf to when we get paid. If the
customer becomes insolvent during transit of the goods, the insurance policy
may prove to be beneficial.
Marine Risk -
We have a Marine Cargo policy
that covers the usual in-transit risks from the door of the manufacturer to
the door of the customer.
