Empowering Petroleum Trade with a Swift 10MM SBLC Facility – Express Leads the Way!

In a dynamic move, Express Trade Capital swiftly stepped in to cater to the urgent needs of a commodities trader aiming to meet stringent purchasing requirements from suppliers. Facing a critical juncture, ETC promptly delved into underwriting the transaction, crafting a specialized Standby Letter of Credit (SBLC) facility that fueled the client’s acquisition of petroleum from a Canadian supplier. This strategic facility, initiated in Q1 of 2021, covered ongoing shipments spanning a 12-month period.

Despite the client’s decade-long presence in the industry, this marked their initial transaction with the new supplier. Faced with a lack of trading history, the supplier insisted on financial backing for the entire transaction, leaving the client in a precarious position. As negotiations reached a standstill and the transaction threatened to unravel, Express Trade Capital swooped in, primed the pump, and reignited the flow of the oil deal.

Operating at Express speed, ETC maintained rigorous due diligence standards to ensure both the client and the transaction met stringent criteria. Following thorough due diligence, ETC provided an SBLC facility that enhanced the client’s overall position. This allowed them to bypass pre-shipment cash deposits, simultaneously reducing the supply chain risk and amplifying cash flow for both the client and their supplier.

Teaming up with Express, the client was revitalized, propelling their deal forward. Established in 1993, Express Trade Capital, Inc. offers tailored financial products, including Factoring, Purchase Order Funding, and Trade Finance facilities. The Freight Forwarding division complements these services, providing comprehensive advising and supply chain management through an extensive network of international and domestic partners.