Westford Asset Management
About us | The proposed concept is as follows: If an exporter sells to credit-worthy american customers we could issue letters of credit(l/cs) to the exporter against purchase orders from your credit-worthy us customers. A third party quality inspection of the goods will be done prior to shipment. Benefits to the chinese exporter: (1) the exporter can use our l/c as collateral to obtain pre-export finance from his bank (2) as soon as goods are shipped, the exporter can present his documents under the l/c for sight payment providing post-export finance. (3) the exporter can sell on open terms to his us customer to be competitive but he would not have to wait 30 to 90 days to get paid. (4) westford would finance freight and duty so your us customer can buy on landed duty paid(ldp) terms and not FOB. (5) the exporter would have a separate line of credit for approved buyer purchase orders. Benefits to the us customer: (1) the us customer can buy on LDP not FOB terms (2) the us customer does not have to tie up his credit lines to issue l/cs (3) the us customer is able to buy on 30 to 90 days open terms |
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Industry Focus | Commercial Service |
Products/Services | Trade finance |
Our Markets | Worldwide |