Marine & Fishery Finance (SIC 10200)

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        Financing tomorrow's trade

        Soft Commodities Trader

        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.

        Metals Trader

        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.

        Energy Trading Group

        An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.

        Clothing company

        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.

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        Informing Today’s Market, Financing tomorrow’s Trade.

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Marine & Fishery Finance (SIC 10200)

Mark Abrams
Mark heads up the trade finance offering at TFG where his team focuses on bringing in alternative structured finance to international trading companies.

Access trade, receivables and supply chain finance

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.

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Content

    The international trade in fish has boomed in the last decade. Sustained demand from traditional import markets in the USA, Japan, France and Spain has driven double digit percentage increases in production and profits at marine and fish exporters far beyond the modest growth experienced in other agriculture and meat producing sectors. Consequently, more and more firms are expanding their ability to trade fish and fish related products internationally to take advantage of these profitable opportunities, or considering their first substantial international trade ventures. Whatever the scale of the venture, Trade Finance Global is here to help.

    Marine & Fishery Trade Finance

    Since the advent of exclusive economic zones around coastal nations in the early 1980s in response to overfishing concerns, two key global production trends have emerged in the marine and fishing industry. First, developing countries have taken the lead in producing fish from wild fisheries, producing almost twice as much volume as developed nations by 1997. Second, world fish production is experiencing a boom in aquaculture to meet rising global demand, with Asia itself accounting for 87 percent of global aquaculture production by weight. Both fish itself and reduced fish products, such as fishmeal and fish oil, have been vociferously traded across international borders in both directions between developed and developing nations, as global consumers demand both rising quantity and high quality fish.

    For marine and fish producers, this boom in demand has created hugely profitable opportunities for firms willing to invest in their international trade ventures. However, stringent capital requirements at traditional retail banks, or apprehension at sacrificing greater equity and control to shareholders, can hold producers back from getting the finance they need to invest in these ventures and grow their businesses. Instead, Trade Finance Global can construct bespoke financial packages for even small amounts of capital. Financed on the basis of companies’ profitable accounts receivable and backed by a broad network of private finance sources, Trade Finance Global can offer the finance firms need to grow their revenues with the speed and flexibility producers require to convert investments into profits.

    Products financed

    Key marine & fishery industry activities appropriate for trade finance include:

    • Marine fishing
    • Freshwater fishing
    • Marine aquaculture
    • Freshwater aquaculture

    Marine & Fishing Finance Requirements

    • Your business has a proven trading history in the marine and fishery sector
    •  Your business is creditworthy
    •  Your request for finance is made to support a profitable international transaction. You have an agreed buyer or seller for your proposed international venture

    How the transaction works

    The truly global demand for fish and marine products can mean extremely lengthy trade gaps for firms engaged in the industry, as products have to be physically transported to international markets. Trade Finance Global can help firms overcome both the crippling effect these delays can have on otherwise profitable businesses cashflow, and the risk inherent in conducting commercial transactions with buyers and sellers in different legal jurisdictions, through use of bespoke trade finance tools. Having arranged to provide finance to a purchasing firm, Trade Finance Global can provide credit undertakings to the selling firm realised upon processing and transportation of the goods receivable to ensure exporters realise swift returns on their contracts. For buyers, TFG can offer flexible repayment terms to allow them to realise profits on their goods receivable via sale to business or customers before repayments are made, unlocking investment opportunities which might have otherwise constricted firms’ cashflow.

    What is the SIC Code for Trade in Food & Drink?

    SIC Code

    10200

    Processing and preserving of fish, crustaceans and molluscs

    Other SIC Codes that could also be used are:

    • 3110 Marine fishing
    • 3120 Freshwater fishing
    • 3210 Marine aquaculture
    • 3220 Freshwater aquaculture

    Businesses engaged in separate activities which support the marine & fishing industries have their own distinct SIC codes:

    • 46380 Wholesale of other food, including fish, crustaceans and molluscs
    • 47230 Retail sale of fish, crustaceans and molluscs in specialised stores
    • 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles

    Case Study

    Fishery

     

    Fish Farm, Marine Aquaculture

    Rising demand for fish and fish products landed one Scottish fish producer with orders which they could produce but not fulfil due to long wait times for accounts receivable. Finance accessed from TFG using their profitable accounts enabled them to meet their orders and grow their revenues.

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