Minster Money Matters - Pre-Shipment

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Pre-shipment Finance - World-Wide

Here are some examples that show the principles of the two finance-types we offer:

Buyer for example in Europe wants to import manufactured products from Latin America at a total cost of the consignment of US$ 10 Millions. The Buyer is willing to open a Letters of Credit with the condition that money can be demanded once the goods have been handed over to the Shipping Company by the manufacture . However the manufacture does not have working capital to finance this production . We can help the manufacturing company with working capital in order to complete the shipment.
In certain developing countries there is a requirement for certain raw materials for production and cash crops for local consumption. However they often find if difficult to import the products due to lack of funding. We can finance such imports and open Letters of Credit on behalf of the Buyers.

CRITERIA
Finance for Import or Export of Manufactured Produce or Raw Materials

SECURITY
Against stand by Letters of credit taken out by the Buyer

LOAN VALUES
Minimum 500,000 maximum 10 million pounds sterling

LOAN TO VALUE
Finance are 80% of the Letter of Credit

FINANCE TERM
Maximum Six Months

RATES of INTEREST
3 to 4 Percent above LIBOR

COMPLETION FEE
2 to 4 Percent of the total Loan

GEOGRAPHICAL AREAS
Countries World-wide by Application

REQUIREMENTS
Summary of Project to be financed.
Full details of Buyer, Seller, Material, Product, Values.

Please send us the summary of the project for finance quotation.