Do you want to know how access to trade finance can increase your cross-border imports and exports? Explore our Trade Finance hub for practical tools.
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Ready to to increase your imports / exports to guarantee the payment and delivery of goods? Find out more about LCs here.
Whether you’re transporting goods, or learning about supply chains, warehousing, transportation and packaging, we’ve got you covered.
Need to know which International Commerce Term is right for your needs? Explore our curated guides from shipping expert Bob Ronai.
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Heading into international markets? From the correct documentation to standardisation, here’s what you need to know for a streamlined customs clearance process.
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Trade finance is a tool that can be used to unlock capital from a company’s existing stock, receivables, or purchase orders. Explore our hub for more.
A common form of business finance where funds are advanced against unpaid invoices prior to customer payment
Also known as SCF, this is a cash flow solution which helps businesses free up working capital trapped in global supply chains.
BoL, BL or B/L, is a legal document that provides multiple functions to make shipping more secure.
A payment instrument where the issuing bank guarantees payment to the seller on behalf of the buyer, provided the seller meets the specified terms and conditions.
The release of working capital from stock, through lenders purchasing stock from a seller on behalf of the buyer.
This allows a business to grow and unlock cash that is tied up in future income
A tool that businesses can use to free up working capital which is tied up in unpaid invoices.
This is commonly used for trading businesses that buy and sell; having suppliers and end buyers
Technology, construction, telecommunications, PPE, and electronics
Raw materials, agricultural products, minerals, metals, and textiles
Pharmaceuticals, chemicals, and energy products
Automotive, aviation, and marine industries
Pharmaceuticals, healthcare equipment, and related sectors
Ores, minerals, metals, and concentrates
Retail stock, e-commerce, textiles, clothing, and consumer goods
Construction, infrastructure, project finance, and green finance
Construction, infrastructure, project finance, and green finance
Food, drink, dairy, confectionery, and alcohol
E-commerce, recruitment, legal services, and hospitality
Financing tomorrow's trade
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
OWIT was established in 1989 and is a global association for women in international trade and business. Our 2,000-plus members impact hundreds of millions of dollars in trade and business transactions annually. OWIT’s focus is on adding value to our corporate, mid-sized, small business and individual members around the world. OWIT serves as the unifying body of a network of chapters spanning the globe in the Americas, Western Europe, and Africa. OWIT also supports a “Virtual Chapter” for individuals involved in international trade and business who do not have access to a local OWIT chapter where they reside or work. Membership in a local or the Virtual Chapter gives automatic access to the OWIT International network.
OWIT began in the mid-eighties with the independent development of the organization’s founding chapters in several locations across the United States. Though developed with only minimal knowledge of each other, these local groups held similar goals of advancing career and trade opportunities. OWIT was officially established in 1989 when the organization held what would become its inaugural board meeting in Los Angeles, CA. The name of the organization was chosen, officers and directors were elected and other important decisions were made concerning the goals and mission of the organization. In 1990, OWIT held its first national conference in Washington, D.C. and also published its first membership directory. There were 12 chapters represented in OWIT in 1990: Atlanta, Boston, Chicago, Detroit, Los Angeles, New York, Northern California, Orange County, San Diego, Seattle, Texas and Washington, D. C.
Today, OWIT is recognized worldwide for building ongoing trade relationships within and between global communities. OWIT International is present in more than 20 countries and has a growing number of chapters across North, South & Central America, Africa, Asia, and Europe. A Virtual Chapter exists for individuals who want to be involved with OWIT but do not yet have a local chapter nearby.