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CHALLENGES OF INTERNATIONAL TRADE FINANCE
When faced with any new international contract it is important to look at the risks you may be exposing your business to.
The first thing to do is to check your terms and conditions on which you’ve agreed in the contract. Once it is clear what you have agreed, and still make a profit, the next stage is to work through a tight schedule of times that you need to adhere to, to ship and get paid.
Once this schedule has started your business will certainly find itself stretched to in terms of cash flow and this is when trade finance options are used.
Whether you are looking to manage a tight cash flow situation, or a longer-term ambition to grow into new markets finance may become another additional cost to your international sales.
Over this Knowledge Zone, we try to explain some details about what options are open to you and how to use them. Of course, any of our SIITACE experts will be happy to help explain in more detail.
