Advanced Payment Guarantees in Kenya

An advanced payment guarantee APG is an assurance made by a surety made to a debtor or a customer that enables them to acquire goods. This might help your business tender for goods you previously you could not. With a payment guarantee, you are not only assured of better terms of the contract but more…

What is the Trade Finance Process?

What is the trade finance process? When a supplier requires the customer to prepay for goods before the supply, the customer may need to reduce the risk by requesting the supplier to document the goods. These documentations include trade credit insurance, factoring, documentary collection among others and are what makes up the trade finance process.…