CMA CGM has launched Shipfin Trade Finance, its new range of financing services dedicated to importing and exporting, in partnership with Incomlend, a global invoice finance platform.
With Shipfin Trade Finance, CMA CGM offers all its customers, importers and exporters alike, a range of simple, reliable and rapid financial services to consolidate and support their growth.
With a dedicated team of experts based in the group’s headquarters in Marseilles, customers can benefit from a set of tailor-made solutions ranging from extended payment terms to financing advances.
The company is offering two complementary solutions: supply chain financing and cargo financing. They will be available on CMA CGM, ANL, APL and CNC platforms and initially available to customers based in India, Dubai, Singapore, Hong Kong, Malaysia, Indonesia and the Philippines before gradually being deployed to other countries.
With supply chain financing, CMA CGM offers a solution dedicated to importers who wish to free up their working capital while stabilising their supplier relations. Group customers who opt for this solution can extend their payment deadlines up to 120 days; strengthen their supplier relations by improving their cash flow; and optimise payment tracking by finding all their documents in one place.
In addition, cargo financing offers a solution intended for exporters who wish to improve their working capital and ensure the growth of their business, thus allowing them to maintain their cash position by receiving payment as soon as they load their goods, for up to 90% of the value of the invoice.
They can also optimise the tracking of their invoices and customer receivables by finding all their documents in one place and reduce their customer risk thanks to CMA CGM’s credit insurance coverage.