Importer: Generally the buyer of products aiming to secure financing for importing. This is mostly the individual over the obtaining conclude of a shipment (ie consignee).Although he’ll wind up having to pay further charges in addition to that, it nevertheless means that he can source and import 2,000 models, gain extra profit, and then pay back

Trade finance, significantly letters of credit, addresses this. A letter of credit, issued from the importer's bank, guarantees payment to the exporter upon presentation of shipping documents, like a bill of lading. This shifts the payment risk for the importer's bank, which assesses the importer's creditworthiness.When he’ll turn out shelling ou