[box] We spoke to Chris May, CEO of Carry Cargo, which handles cargoes around the world, and brokers transport solutions for importers and exporters. [/box] [one_third][responsive][/responsive][/one_third][two_third_last] Chris, tell us a bit about yourself, and what you were doing before Carry Cargo I have been in the shipping industry all my career, for carriers, trailer operators,… Continue reading INTERVIEW: Chris May from Carry Cargo on freight forwarding
Author: James Sinclair
James Sinclair is the Marketing Manager at Trade Finance Global.
What’s the difference between factoring and asset based loans?
Invoice finance is a type of asset backed finance, where the underlying asset is the accounts receivable. Accounts receivable essentially means ‘money owed’ and is usually through the form of invoices. The difference between invoice factoring and receivables-backed asset based loans There are two ways to fund invoices: sale (invoice factoring) and through revolving credit… Continue reading What’s the difference between factoring and asset based loans?
3 tips for accessing invoice finance
[box] Invoice finance is the catch all turn for the pre-financing of unpaid invoices from a company. We’ve seen an explosion of invoice finance use from both SMEs and medium sized enterprises right through to larger corporates, as CFOs and finance directors have seen the advantages. [/box] Invoice finance as an industry has also expanded… Continue reading 3 tips for accessing invoice finance
EXPLAINED: How SEPA Makes European Trade More Affordable
[box] The Single Euro Payments Area (SEPA) was introduced to allow individuals and businesses throughout Europe to make payments electronically or by card using Euros. SEPA was the final piece in creating the European single market and has been crucial in making European trade more profitable, efficient, and affordable. In this article, we will look… Continue reading EXPLAINED: How SEPA Makes European Trade More Affordable
CROWDFUNDING: A Fad or the Future of Funding?
[box] When crowdfunding burst onto the funding scene it caused a major industry shake-up. What was once a way for innovation fans to support their favourite projects has world leading investors tracking crowdfunding platforms to analyse and track trends. [/box] According to Global Crowdfunding Market 2016-2020 Report, the crowdfunding market is expected to grow at Compound… Continue reading CROWDFUNDING: A Fad or the Future of Funding?
What you need to know about FTAs and WTO rules
[box] As the UK steers towards exiting the European Union, talks around Free Trade Agreements and tariffs remain unclear and unanswered. Here’s what you need to know about FTA and WTO rules. [/box] Over the coming years, you’re going to hear a lot about Free Trade Agreements and the World Trade Organisation. Previously, the UK’s… Continue reading What you need to know about FTAs and WTO rules
Go Global – The Export Action Plan Competition
Open to Export have launched a competition for the chance to win £3000 towards your companies export strategy We spoke to the team about the Open to Export Action Plan Competition [responsive][/responsive] This autumn Trade Finance Global are all about encouraging businesses to take time to do research, plan and strategize for the years ahead… Continue reading Go Global – The Export Action Plan Competition
How a great plan can make an international strategy happen
Open to Export have launched a completely free intuitive online planning tool to help businesses who plan on selling goods and services overseas. We spoke to the team about the Open to Export Action Plan Competition [responsive][/responsive] So the autumn has arrived and the summer holidays are done and dusted, and there’s that back-to-school feeling… Continue reading How a great plan can make an international strategy happen
How can currency hedging help importers and exporters?
One of the biggest risk factors involved in operating an Import or Export business is that while your Purchase or Sales is in progress, the value of currency may change relative to the value of the U.S. dollar (assuming Import or Export is with USA). This means that your business is open to risk in… Continue reading How can currency hedging help importers and exporters?
Bills of Exchange versus Promissory Notes – What’s the Difference?
[box] When exchanging goods and services overseas, you’ll often come across important trade terms such as bills of exchange, prom notes and trade bills. We’ve quickly summarised the three terms, and key differences, and have got a more extensive shipping and transport guide here if you’re shipping overseas. [/box] What is a trade bill? We… Continue reading Bills of Exchange versus Promissory Notes – What’s the Difference?
INTERVIEW: David Noah from Shipping Solutions on freight forwarding
[box] We spoke to David Noah, President of Shipping Solutions, which provides export software to those trading abroad and creating export documentation. [/box] David, tell us a bit about you, your background, and Shipping Solutions I started InterMart, Inc. in 1995 as an international trading company primarily shipping goods from the United States to Japan.… Continue reading INTERVIEW: David Noah from Shipping Solutions on freight forwarding
BEYOND BREXIT: TFG Publishes Annual Journal on Trade & Brexit
[box] Trade Finance Global has released it’s annual report, ‘Beyond Brexit’. Having recently announced it’s partnership with the UK Government’s Exporting is GREAT (EiG) campaign, Beyond Brexit explores SME Confidence, trade trends, and takes a deep dive into UK and international politics as negotiations with the EU commence. [/box] [responsive][/responsive] The UK has had a… Continue reading BEYOND BREXIT: TFG Publishes Annual Journal on Trade & Brexit
What Is The Future Of The Logistics Industry?
[box] The world is getting smaller because of technology. This also applies to the logistics industry. While goods still need to travel the same distance to reach the final destination, the ease and the time it takes can definitely be shaped by advancements in technology. Imagine a world where packages or products can reach the… Continue reading What Is The Future Of The Logistics Industry?
Trucker Path Raises $30m Debt Funding to Overhaul Truck Industry
[box] Silicon Valley-based Trucker Path released a crowd-sourced navigation app for truck drivers in late 2013. The crowd-sourced Trucker Path application has grown to become America’s largest community of truck drivers with over 550,000 active users or 33 percent of all Class 8 truckers. In 2015 Trucker Path secured $20 million in Series A funding.… Continue reading Trucker Path Raises $30m Debt Funding to Overhaul Truck Industry
Letters of Credit Demystified: Who? What? Where? When?
[box] At Trade Finance Global we get asked a lot of questions around Letters of Credit, so we’ve put together a quick cheat sheet on LCs, payment times and the presentation of Letters of Credit. [/box] When does payment occur with a Letter of Credit? Typically at the time of shipment, documents will be presented… Continue reading Letters of Credit Demystified: Who? What? Where? When?