Tradewind Provides €2 Million Post Shipment Finance Facility to Leading Turkish Seafood Company
Tradewind has provided a €2 million post shipment finance facility to a leading Turkish seafood company that exports to countries around the world. With Tradewind’s assistance, the client was able to purchase new production plants abroad to better reach its customers in North and South America.
The client decided on Tradewind’s financing solutions because they covered the crucial cost of feed and accommodated the critical period of 13-14 months it took for the fish to reach their portion size. Tradewind was not only flexible and fast to fund, but it was also able to support the 210-day payment terms requested by the client’s buyers. Additionally, Tradewind strengthened the client’s credit and collections capabilities overseas by providing credit protection and acting as an extension of the client’s back office.
Tradewind maintains a network of offices and affiliates all over the world, including Bangladesh, Bulgaria, China, Hong Kong, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world's exporters and importers.