Pre-shipment finance: Difference between revisions
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imported>Doug Williamson (Create the page. Source: GSCFF Standard Definitions.) |
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Revision as of 10:19, 20 June 2016
Supply chain finance.
Financing provided to a seller of goods, for their sourcing, manufacture or conversion, before delivery to the buyer. Pre-shipment finance can also be applied to services.
The finance provider will normally require an appropriate purchase order, letter of credit or bank payment obligation in addition to evidence of the seller's ability to perform under its contract with the buyer.
