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Scottish Pacific Benchmark offers approved applicants a credit limit. Benchmark will require all applicants to enter into a debtor finance
facility and 2nd mortgage security to the limit of the container finance facility is generally required.
When payment is due for your container you request a drawdown from Scottish Pacific Benchmark and the funds for that particular container
are deposited into your bank account.
You raise your Letters of Credit or transfer of funds to the supplier. This is undertaken through your usual “forex” provider.
Once the goods are landed and delivered to customers the drawdown is repaid in stages using a debtor finance facility.
A monthly fee and interest, based on the amount drawn, is payable until the advance is repaid in full.
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