Sheep May Safely Graze (Published November 2006)
For the present, because we are buying
cows just now. We have funded sheep
before, and tuna and whelk and you name it.
The funding of food and perishables requires
special knowledge and skills which we have been
honing for 10 years. There are considerations of
public health, the Food Standards Agency, and
EU regulations but this regulatory framework is
actually very helpful to the funder if you know your
way about.
Dave Johnson
(Newvista Ltd)
(Nwvst@aol.com) is
scaling up his operation
so needs trade finance.
His product is canned
sliced beef in gravy and
you can now buy it
from your supermarket.
We have a quality UK
customer who will pay
on delivery. That was
the easy bit. Getting it there was exciting.
The beef comes from Brazil. We have bought from the Brazil
beef factory before for another client so we both had confidence,
and they gave us some credit. We needed health and veterinary
certificates from the authorities in Brazil before we paid.
The beef was shipped to Rotterdam on its way to the
customer-approved processing and canning factory in Romania
"The funding of food and perishables requires
special knowledge and skills which we have been
honing for 10 years."
There was another
veterinary inspection as
the beef left the EU on the
Hungarian border, and yet
another as the cans passed
back into the EU.
The Romanian factory
had agreed to give us credit and
had acknowledged our title of
the beef whilst being processed
and into their can.
When in cans, cooked, and
smothered in gravy the beef was
delivered to Dover and imported into the EU when we
committed for the import duty.
We were paid upon receipt by the customer and
we paid the factory with the profit to Newvista. Bully
for them.
But pause for a moment to review again what has
happened here. With an experienced client, working
with quality trading partners including the freight
forwarder, we:
- Bought beef from Brazil;
- transported it through the EU to Romania;
- where it was processed, canned and cooked; and
- sent to the UK where the customer paid on arrival.
Our job is to try to meet client needs, however difficult.
Watch out sheep. You are next...
Written by David Ross Director
Download
the Article 'Sheep May Safely Graze' at www.fairfaxgerrard.co.uk/docs/BusMon 1106 Sheep May Safely Graze.pdf
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