Turners Shipping has moved
into a new market niche
with the launch of Turners
Trade Finance.
“While the business
landscape for importers has
changed drastically in recent
years, financing models have
remained the same,” said
financial director Ian Losinsky,
“and this places pressure on the
working capital of businesses.
“Our trade finance product
is a short-term credit facility
designed to assist importers to
source goods at a preferential
rate, clear through customs
and deliver to market with
efficient logistics, all on a
single rand-based invoice,”
he explained. “In effect, we
are providing clients with a
complete logistics and finance
solution.”
Offering up to 120 days’
credit, the trade finance
facility allows importers to
buy, ship and sell the goods
into the market before they
have to be paid for. “At best
importers are able to secure
30 days’ credit from suppliers
which means valuable working
capital is tied up in stock
which may not reach the point
of sale for some time
“Our established systems
offer full real-time reporting
along the entire supply
chain, providing clients with
total visibility on all import
shipments from the time of
order placement through to
final delivery.”
CAPTION: Turners Shipping’s financial team from left: Punitha Pather, credit
manager; Ian Losinsky, financial director; Yugeshni Chetty, trade
finance administrator; and Charlotte Govender, financial manager.
