Getting Paid
Trading globally can provide huge rewards for your business, but it can also come with significant risk.
Whether you’re new to international trade or an experienced exporter, it’s important to recognise, understand, and manage your risks from the very start, giving your business the best chance of global success.
The Chamber’s Trade team has developed a suite of services designed to support businesses at every stage of their trading journey. We can help you choose the right partners and suppliers, carry out effective due diligence, access competitive currency conversion rates, and protect your shipments with confidence.
Let the Chamber take some of the pressure off the day-to-day demands of running a global business, so you can focus on growth and opportunity.
Services
UK and International Credit Checks
Designed to support with due diligence when finding a new overseas customer or supplier. It's recommended to check all new businesses for their credit worthiness. We can help you with basic and comprehensive credit check reports.
Foreign Exchange Services
We support businesses in managing FX volatility. Using foreign currencies can add an advantage to your operations but could also pose some challenges. Members of the Chamber are entitled to a free FX healthcheck.
Letters of Credit
A Letter of Credit is a guarantee from a bank that the seller will receive payment from the buyer. Letters of Credit can save you time, reduce risk and accelerate payments. We can remove the hassle with an end-to-end service.
Commercial Debt Recovery
It can happen, that you are faced with a customer who, for whatever reason, cannot or will not pay on time, impacting your own cashflow. Debt collection is a key management tool to help traders to keep on track with their unpaid invoices.
Cargo Insurance
Cargo losses and damages can happen at any time - due to natural disaster, negligence, criminal events or other. When this happens, there could be huge financial risks when relying on international freight conventions for compensation instead of securing a good cargo insurance.
Manage your Risks
If you want to start proactively managing your risks, then let us know and we'll connect you with the relevant service.