WHAT IS IT?

This is a customer credit program designed to meet the periodic custom duty payment obligations of traders

Target Market

  • FMCG Importers
  • FMCG Distributors
  • Oil and Gas

Features

  • It is a part financing provided by the bank Via short-term loans or advances against the evidence and security of import shipping documents.
  • It is a structured form of credit for payment of related charges on specific transactions.

Benefits

It enables retail banking customers who require importing either raw materials or finished goods to seek and obtain bank financing to cater for customs duties and charges associated with clearing of goods imported.

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