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Post-Shipment Financing
The Export-Import Bank Trinidad and Tobago Limited (EXIMBANK) offers a post-shipment facility to provide short-term financing to exporting manufacturers, distributors and service providers. Businesses receive financing in the form of a loan for 90% of the invoice value of export sales, which must be repaid from the assigned proceeds of payments from buyers. The post-shipment facility aims to bridge the gap between the settlement of production costs and export sales receipts, allowing a business to accelerate cash flow and shorten operating cycles.
Who can apply for post-shipment financing?
Small, medium and large enterprises operating within Trinidad or Tobago that would like to begin exporting or would like to increase their export market are eligible to apply for post-shipment financing.
How do I apply?
EXIMBANK's Business Development Officers are ready to visit your business to provide you with an application package. Application packages can also be picked up from EXIMBANK's office or downloaded from EXIMBANK's website using the link at the end of this section. Completed applications can be mailed, faxed or scanned and e-mailed to EXIMBANK at eximbank@eximbanktt.com.
The following supporting documentation should be submitted with the completed application form:
- One copy of a valid proof of identification for each company director (national identification card, driver's permit,
Trinidad and Tobago - Company registration papers (Certificate of Registration, Return of Director, and Return of Registered Address).
- Audited financial statements for the last three to four years of operation (for an existing business) or an opening Balance Sheet and Projected Cash Flows (for a new enterprise).
- Completed EXIMBANK forms for each customer/buyer.
The application package should be completed in accordance with the included instructions and returned, with all supporting documentation, to EXIMBANK.
Export-Import Bank Trinidad and Tobago Limited (EXIMBANK)
EXIM House
30 Queen's Park West
Port of Spain
Trinidad, West Indies
Tel. (868) 628-2762 or (868) 628-1382
Fax. (868) 628-9370
E-mail. eximbank@eximbanktt.com
Opening hours: 8:00 am to 4:00 pm, Monday to Friday, except public holidays
What happens after an application is submitted?
An EXIMBANK representative will review the application and request omitted or additional information, if necessary. EXIMBANK will then identify financing options that meet the applicant's needs and come to an agreement with the client on the best option. The enterprise will then complete the “Application for Credit Limit” form and pay the processing fee listed below.
The timeframe for processing an application can vary from two working days to two weeks, depending on a number of variables including the number of approving authorities and the availability of documentary requirements such as financial statements.
How much does it cost?
There is a TT$350.00 fee for each buyer credit requisition requested by EXIMBANK.
Where can I obtain more information about post-shipment financing?
For further information please contact EXIMBANK at the address below or visit our website.
Export-Import Bank Trinidad and Tobago Limited (EXIMBANK)
EXIM House
30 Queen's Park West
Port of Spain
Trinidad, West Indies
Tel. (868) 628-2762 or (868) 628-1382
Fax. (868) 628-9370
E-mail. eximbank@eximbanktt.com
Opening hours: 8:00 am to 4:00 pm, Monday to Friday, except public holidays