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Shipper
Banker
Freight Forwarder
How It Works
Shipper lists freight to ship as well as pickup and delivery date flexibility.
Freight Forwarders make competitive bids based on their own cost factors and space available at that moment.
Shipper chooses a winning bid and pays Freight Forwarder directly OR has option to list the Bill To Be Paid and request bids from a participating bank.
Banks make competitive bids based on interest rate and service charges to pay this 3rd party bill and fund this short-term loan to the Shipper.
Shipper chooses a winning bid.
Bank pays the freight forwarder for the shipping bill and then collects from the shipper as per the payment terms of the winning bid.
All Three Participants win!
Everyone sees immediate benefits with no downside risk nor large initial investment