Everything You Need to Know About Trade Finance

Merchantcreditcorp18 Sep, 2021Business

Trade Finance is simply just a term which states the nature of business between an importer and an exporter. Its sole purpose is to reduce the risks involved in the trading business. As a part of the trading business, both importer and exporter want to minimize the risk of loss. Therefore, an exporter requests an advance payment for the shipped goods and the importer requests the documents as a proof that the goods have been shipped.