Finance and Logistics Worldwide Scheme – A unique combination of import finance and logistics services targeted at importers of non perishable, fast moving and unrestricted goods.
What is it About?
It is an “end to end” cost efficient management of entire import process that reduces total lead time.
Who is Qualified to use FLOWS
Importers of Fast moving, Non perishable and unrestricted goods.
Which country can the goods be imported from?
Anywhere in the world.
What is the Benefits to the Customers?
Cost effective transaction, reduced total transaction cycle time, management of the documentation system to ensure error free, validation of necessary permits, tracking system, Allow the customer time to focus on daily business demands etc.
What is the Process?
Customer summits PFI and Application letter, Access reverts with cost of logistics and estimate of duty amount, customer accepts via Letter of Approval, bank effects the transaction on FLOWS and goods are delivered to customer in line with the agreement.
What Document do the Customer need to Bring?
Proforma Invoice, application letter and Letter of approval (upon advise of the quotation).
Which Goods Qualify?
Fast Moving, Non perishable and unrestricted goods that can access USD via the official channel.
Will I be Informed of the Process Stages?
Yes. A tracker which the customers can log in will be provided such that the customers can see the stages of each transaction.
Can I Access Credit Lines?
Yes. Customers can access credit lines subject approval by the bank.