
Foreign Buyers of US Products - HOW DOES THE PROCESS REALLY WORK?
estorm export trading (EET) represents foreign buyers (end-users and applicants) in the vetting process required to secure ECA financing.
What estorm export trading offers:
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We can provide a US-products importer a credit facility (through a purchasing agreement) and all they need is to be able to raise an irrevocable letter of credit for 15%.
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That 15% is only due once the merchandise arrives in your home country.
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We work with the US supplier, and through the export credit agencies we work with, we guarantee payment to the US supplier
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We or the supplier can ship the products and finance the remaining 85%
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The interest charged by the export credit agencies are MUCH lower than your local bank or Secondary markets at up to 6% annual interest rate.
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As you may know in the US, everything is about establishing credit. If an importer can take a loan with the export credit agencies we work with, then repay in time, they can subsequently get a LOT more. The export credit agencies we work with have $40 billion to loan – so no deal is too large.