What is Fuel Finance?
We have many years of experience in financing fuel and have a detailed understanding of the issues facing the industry. We aim to assist in creating financing solutions that are tailored to meet the specific needs of the sector, whether you are a large-scale operator or a smaller company.
Fuel finance is available for most types of diesel and our dedicated specialists will work with you to find a funding arrangement and issue a Letter of Credit which suits your specific needs.
When a business wants to trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.
What is the SIC Code for Fuel Finance ?
The SIC Code is 46719 (Wholesale of other fuels and related products)
Other SIC Codes that could also be used are:
A family owned business based in Cheshire that buys in Diesel from China and sells in to suppliers in the UK and Europe. The client required payments to be made to its supplier against confirmed orders. Trade Finance Global assisted with creating an import facility for £5m for the client and expects to support the client further as their business grows.
Speak to our trade finance team
- No security or personal guarantee required
- Fuel finance available even if the banks refuse finance
- Our partners find you solutions to increase trade
- Fast turnaround – get fuel finance in 24 hours