• TRANSPORT-FINANCIAL PRODUCT OF VIGOLIN LTD.                                

    SYSTEM OF FINANCIAL-GUARANTEE OPERATIONS 

    DESCRIPTION OF THE PROJECT

    FINANCIAL-GUARANTEE OPERATIONS - are the operations, when the guarantee of financing is the finance guarantee obligation of VIGOLIN LTD system.
    Financial-guarantee operations are used while financing goods at warehouses or on the way.
    There are several ways of financial-guarantee operations, which are divided by type of guarantee and by documents.

    BY TYPE OF GUARANTEE:

    DIRECT GUARANTEE - goods under guarantee are directly handed over to one of terminals of VIGOLIN LTD;
    INDIRECT GUARANTEE - goods under guarantee are not directly handed over to VIGOLIN LTD.
    The goods are in hands of a seller but under control of VIGOLIN LTD.


    BY GUARANTEE DOCUMENTS:

    WHR (WAREHOUSE RECEIPT) - is a document according to which
    VIGOLIN LTD. as the holder of the warehouse, receives the goods for
    storage and has to release these goods to the bearer of the
    original document.
    It is used both in case of direct and indirect guarantee.

    FCR (FORWARDER`S CERTIFICATE OF RECEIPT) - is a document
    according to which VIGOLIN LTD, as the forwarder has received
    the goods for transportation and has to deliver them to a certain
    place and to a certain receiver.
    It is used in case of direct guarantee.

    COMBINED TYPES OF GUARANTEE CAN ALSO BE USED.

    WHAT MAKES THE PRODUCT ATTRACTIVE IS THE FOLLOWNG:

    • Discounts offered by a seller when buying big amount of goods.
    • Financing of part that exceeds time and amount of credit limit given by a seller.
    • Financing of period of time between purchase and sale.
    • Avoiding situations when goods are unsold because a company does not have money for financing such a deal.
    • Avoiding financing of working capital for the account of Company own capital.