Global leader in maritime transport and logistics, MSC Mediterranean Shipping Company has launched a new trade finance solution for ocean cargo shippers. This new service offering made its market debut in India, with the aim of helping Indian exporters to ship goods and manage cashflow.
India is one of the world’s largest economies and one of the biggest markets for MSC, with ocean liner and overland freight services stretching across the country. As a truly global company, MSC counts among its customers Indian exporters and importers, as well as companies around the world which trade with the country.
With the new MSC Trade Finance solution which is fast, simple and flexible, MSC customers can arrange cargo shipments and pay later at the point of shipment or delivery.
A welcome development for companies tackling the challenging operating environment imposed by the recent COVID-19 lockdown, MSC Trade Finance is helping shipping companies in India to get cash in more quickly and have better, more flexible control over their cash flow.
To set up MSC Trade Finance solution, the company has collaborated with a trusted external trade finance partner to take on the buyer’s credit risk.
MSC itself does not lend against its own balance sheet or sell financial services to customers.