Marine & Fishery Finance (SIC 10200)

Trade and Stock Finance for Marine & Fishery

Trade Finance Global / Finance Products / Marine & Fishery Finance (SIC 10200)

What is Marine & Fishery Finance?

The international trade in fish has boomed in the last decade. Sustained demand from traditional import markets in the USA, Japan, France and Spain has driven double digit percentage increases in production and profits at marine and fish exporters far beyond the modest growth experienced in other agriculture and meat producing sectors. Consequently, more and more firms are expanding their ability to trade fish and fish related products internationally to take advantage of these profitable opportunities, or considering their first substantial international trade ventures. Whatever the scale of the venture, Trade Finance Global is here to help.

Marine & Fishery Trade Finance

Since the advent of exclusive economic zones around coastal nations in the early 1980s in response to overfishing concerns, two key global production trends have emerged in the marine and fishing industry. First, developing countries have taken the lead in producing fish from wild fisheries, producing almost twice as much volume as developed nations by 1997. Second, world fish production is experiencing a boom in aquaculture to meet rising global demand, with Asia itself accounting for 87 percent of global aquaculture production by weight. Both fish itself and reduced fish products, such as fishmeal and fish oil, have been vociferously traded across international borders in both directions between developed and developing nations, as global consumers demand both rising quantity and high quality fish.

For marine and fish producers, this boom in demand has created hugely profitable opportunities for firms willing to invest in their international trade ventures. However, stringent capital requirements at traditional retail banks, or apprehension at sacrificing greater equity and control to shareholders, can hold producers back from getting the finance they need to invest in these ventures and grow their businesses. Instead, Trade Finance Global can construct bespoke financial packages for even small amounts of capital. Financed on the basis of companies’ profitable accounts receivable and backed by a broad network of private finance sources, Trade Finance Global can offer the finance firms need to grow their revenues with the speed and flexibility producers require to convert investments into profits.

Products financed

Key marine & fishery industry activities appropriate for trade finance include:

  • Marine fishing
  • Freshwater fishing
  • Marine aquaculture
  • Freshwater aquaculture
Marine & Fishing Finance Requirements
  • Your business has a proven trading history in the marine and fishery sector
  •  Your business is creditworthy
  •  Your request for finance is made to support a profitable international transaction. You have an agreed buyer or seller for your proposed international venture
How the transaction works

The truly global demand for fish and marine products can mean extremely lengthy trade gaps for firms engaged in the industry, as products have to be physically transported to international markets. Trade Finance Global can help firms overcome both the crippling effect these delays can have on otherwise profitable businesses cashflow, and the risk inherent in conducting commercial transactions with buyers and sellers in different legal jurisdictions, through use of bespoke trade finance tools. Having arranged to provide finance to a purchasing firm, Trade Finance Global can provide credit undertakings to the selling firm realised upon processing and transportation of the goods receivable to ensure exporters realise swift returns on their contracts. For buyers, TFG can offer flexible repayment terms to allow them to realise profits on their goods receivable via sale to business or customers before repayments are made, unlocking investment opportunities which might have otherwise constricted firms’ cashflow.

What are the SIC Codes for the Marine & Fishing Industry?

Businesses operating in marine & fishing industries are broadly grouped under four SIC codes:

3110   Marine fishing
3120   Freshwater fishing
3210   Marine aquaculture
3220   Freshwater aquaculture


Businesses engaged in separate activities which support the marine & fishing industries have their own distinct SIC codes:


10200   Processing and preserving of fish, crustaceans and molluscs
46380   Wholesale of other food, including fish, crustaceans and molluscs
47230   Retail sale of fish, crustaceans and molluscs in specialised stores
47640   Retail sale of sports goods, fishing gear, camping goods, boats and bicycles


Full tariff schedules for live fishprocessed fish, and for fishing equipmentboats and gear can all be found on


Case Study

Fish Farm, Marine Aquaculture

Rising demand for fish and fish products landed one Scottish fish producer with orders which they could produce but not fulfil due to long wait times for accounts receivable. Finance accessed from TFG using their profitable accounts enabled them to meet their orders and grow their revenues.

Speak to our trade finance team


  •  No security or personal guarantee required
  •  Rapid access to trade finance to meet orders as they are made
  •  Increase the volume of customers your growing business can serve

What is Stock Finance?

About the Author

Sheena is responsible for the TFG Weekly Trade Briefings at Trade Finance Global (TFG).

She loves the digitalisation of trade and is fascinated about its impact on day to day transactions.

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