Access Factoring
Trade Finance at LTS
It is a commitment from the Factor to put an agreed amount of funds at the disposal of the exporter (supplier) on behalf of the importer (the buyer) under conditions specified in the proforma invoice as per the terms and conditions between LTS and the importer wrapped with credit insurance from a reputable company. LTS acts as an intermediary between the supplier abroad, the importer in Lebanon, the Factor, and the Credit insurance company.
Process Flow
Importer applies at LTS for a trade finance transaction
Presents all documents required to LTS
Pay fees to LTS for establishing the trade finance file
LTS assesses the risks involved
LTS sends application to the credit insurance
Credit insurance studies the application
If approved, Issues policy in favor of the Factor
Importer pays insurance fees
Client pays the margin of the invoice, and factoring fees
Client signs promissory note
Supplier ships goods
Supplier presents documents to Factor
Factor endorse Bill of Lading(B/L) and send documents to LTS
LTS delivers documents to importer
Importer receives good
Importer at maturity of the Promissory note pays his bill to the factor
Process Flow
Importer applies at LTS for a trade finance transaction
Presents all documents required to LTS
Importer applies at LTS for a trade finance transaction
LTS assesses the risks involved
LTS sends application to the credit insurance
Credit insurance studies the application
If approved, Issues policy in favor of the Factor
Client pays the margin of the invoice, and factoring fees
Supplier ships goods
Supplier presents documents to Factor
Factor endorse Bill of Lading(B/L) and send documents to LTS
LTS delivers documents to importer
Importer receives good
Importer at maturity of the Promissory note pays his bill to the factor
Requirements
Lebanese food importer (Full name and legal status)
Good creditworthiness
No previous defaults
Not sanctioned
Goods are imported from non-sanctioned countries
Proforma invoice of food stuff
Partial List of Eligible Products
We are committed to helping Lebanon stabilize its food security by working with Lebanese businesses and organizations that import the following food products:
Category Food Products
| |
|---|---|
| Dairy | Butter, Dairy |
| Canned Goods | Canned Food |
| Meat | Charcutrie, Meats |
| Confectionery | Chocolate/Biscuits, Confectionery |
| Beverages | Coffee, Drinks (Ice Tea, Juice) |
| Sweets/Snacks | Confectionery |
| Frozen Foods | Frozen Chicken, Frozen Vegetables |
| Fruits | Fruits |
| Grains | Grans, Cereal, Pasta, Rice |
| Spreads | Jams/Tahini/Halawa |
| Nuts | Nuts/Seeds |
| Cooking Essentials | Oil |
| Bakery | Pastry |
| Condiments | Sauces/Condiments |
| Seafood | Seafood/Tuna |
| Seasonings | Seasonings |
| Baking Essentials | Sugar |