Our client, an apparel brand name licensee, purchased various garments through a fulfillment house in Canada. The goods, however, are manufactured in China and Mexico. A significant order was received from a buyer in Dubai. The Purchase Order called for 33 different styles to be manufactured and shipped through Canada.
Our client, based in the United States, had been issued a Letter of Credit by HSBC assuring payment once the goods were shipped to Dubai.
Global Trading Partners was able to get the company the funding they needed, manage the document process and complete the order within the terms and conditions of the letter of credit.