Trade Finance by Turners Shipping
Our Trade Finance packages offer significant benefits to South African importers and exporters. We provide a single point of contact throughout the import process -from the moment the order is placed, through shipping and customs clearing, right up to the point of local distribution. All of this on a single billing in South African Rands.
The Trade Finance solution from Turners Shipping (Pty) Ltd is unique in that we support the finance component with our vast experience and ability in logistics management.
Business applications are open to amounts of R1-million to R200-million.
We provide businesses with the cash to fund the purchasing and import of inventory. This facility enables the business to pay supplier accounts in full and to negotiate trade discounts. It funds transport and shipping, import clearing and forwarding, and distribution into the local market. It is an off-balance-sheet loan which frees-up working capital and at the same time reduces forex risk.
Our Economy & Importers
International trade is an integral part of supplying goods for the domestic market. While you can benefit from the cost advantages of sourcing goods globally, you have to weigh these up against longer lead times, supply chain disruptions, and the need for larger inventory levels.
Our economy is highly vulnerable to interest and foreign exchange risks and the condition of the domestic money market. Our political climate can greatly influence the way a company finances its cash flow. South Africa relies heavily on imports, exchange rate volatility has a direct, and often, negative impact on trade and margins.
As an importer, you are required to manage the financial supply chain and take comfort in a reliable physical supply chain.
Turners Shipping (Pty) Ltd provides an innovative ‘Start-to-Finish’ trade finance facility which is designed for the South African importer. This bespoke service is the result of combining a Trade Finance element with our Freight Forwarding and Customs Clearing services, delivering a fully integrated and tailored supply chain package.
- Best practice principals
- Regular operational meetings (Stakeholders/service providers)
- Approved Key Performance Indicator (KPI)
- Sanctioned Service Level Agreement (SLA)
- Agreed Standard Operations Procedure (SOP)
- Shipment Status Reports
- Purchase Order Management Systems (POMS)
- IT connectivity to and integration with the Importer/Exporter/Client
- Most competitive rates practice