DANZAS INTRODUCES FINANCE AND INSURANCE SERVICE
Danzas, the Swiss logistics and shipping group owned by
Deutsche Post, has introduced a trade finance and insurance service worldwide.
With its "Cash Forwarding" service, Danzas will finance and
insure cargo shipments through the supply chain.
The service will include straightforward transaction financing and
credit insurance, as well as "complex models covering financing of the goods through
the entire supply chain, including inventory financing," Danzas said.
The forwarder said that the integrated service can be used by shippers
as an alternative to downpayments and letters of credit.
GTE Corp., the U.S. manufacturer of cellular phones and accessories, is one of the first
users of the finance and insurance service.