Export Payment Guarantee Scheme

[DSLiverpool]

Years ago in another life we used this service to guarantee iirc 75% of the invoice for exported goods, does anything exist these days - a google search didn't help.

[marshalla]

Is https://www.gov.uk/export-finance-and-insurance-an... what you're looking for ? They offer an insurance scheme, and loans to purchasers.

[nick s]

Letter of Credit? I draft these up all the time for goods I export to South America. Guarantees payment for the freight from the issuers bank.

http://banking.about.com/od/businessbanking/a/lett...

[DSLiverpool]

marshalla said:

Is https://www.gov.uk/export-finance-and-insurance-an... what you're looking for ? They offer an insurance scheme, and loans to purchasers.

That's the one - cant understand why I couldn't find it - thanks

[DSLiverpool]

nick s said:

Letter of Credit? I draft these up all the time for goods I export to South America. Guarantees payment for the freight from the issuers bank.

http://banking.about.com/od/businessbanking/a/lett...

Not really, its giving them account facilities and reducing my risk.

[davepoth]

It's worth checking with your bank as well, as they may have a similar facility.

[j4ckos mate]

L/c's still common
I get one a month to do the shipping docs on


As I understand it you present your invoice packing list awe to the bank for checking and if it's right you get paid