28
Export Transaction Financing
Export Transaction Financing™ (ETF) - Concept
Manufacture
Seller
Letter of Credit
ETF Application
Supplier
F/Forwarder
Working Capital $$
Pre-Payment $$
Pre-Payment $$
Cargo Carrier
2nd LC
2nd LC
-
-
-
-
TABLE CONTENTS
Assignment of Proceeds
   & Promissory Note
   e    InterNetLC.com™  -  We create trade and jobs.
Export Transaction Financing can be used direct working capital to the exporter; a 2nd or back to back Letter of Credit to the exporter’s supplier; direct payment to the carriage company taking the goods to port; a 2nd or back to back Letter of Credit to the exporter’s manufacture; or for pre-payment to the cargo carrier.
Export Transaction Financing requires the exporter’s Letter of Credit be issued and not expired; the ETF Application accepted; and an Assignment of Proceeds and Promissory Note be in place to the funding source.  The Promissory Note is used to return the funds in the event the planned shipment is not made, or the documents are not presented.