Friday, 25 October 2019 11:51

CMA CGM Launches Shipping Trade Finance Services



CMA CGM has launched a new range of financing services dedicated to importing and exporting. Named Shipfin Trade Finance, the venture is in partnership with the invoice finance platform Incomlend. The initiative seeks increase support to the company’s client and aid in developing finance solutions. Supply chain financing seeks to extend importers’ payment deadlines up to 120 days; strengthen supplier relations by improving cash flow; optimize payment tracking by finding all documents in one place; master compliance risk thanks to the KYC (Know Your Customer) assessment achieved by the suppliers; and simplify processes by interfacing IT systems with the platform.



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