MSC selects India to launch its shippers trade finance solution

May 15, 2020: The transport and logistics firm MSC Mediterranean Shipping Company has selected India as the first market to launch its new trade finance solution for cargo shippers.

“MSC Trade Finance is fast, simple and flexible and will help Indian exporters to ship goods and manage cashflow. With the new solution, MSC customers can arrange cargo shipments and pay later at the point of shipment or delivery,” says the release.

MSC Trade Finance has already started to help companies in India to get cash in more quickly and have better, more flexible control over their cash flow. Ultimately, it should help businesses to grow.

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MSC in India
India is not only one of the world’s largest economies, it’s also one of the biggest markets for MSC, with ocean liner and overland freight services stretching across the country. As a truly global company, MSC counts among its customers both Indian exporters and importers, as well as companies around the world which trade with the country.

To set up this solution, MSC has collaborated with an external trade finance partner to take on the buyer’s credit risk. MSC itself does not lend against its own balance sheet or sell financial services to customers.