Now more than ever it is essential for freight forwarders to safeguard against credit risks.

The dramatic collapse of a global powerhouse business such as Hanjin shipping and the failure of local agency Great Southern Shipping highlighted that businesses may not be as stable as what they appear on the surface.
 
Freight forwarders have become "quasi banks" to their importer customers committing to paying duties and Government charges on behalf of customers, on credit, as well as taking on the service cost risk. Debtor management becomes all the more crucial in an a highly competitive environment with lower margins and questionable stability of some clients including "blue chip" companies .
 
Freight & Trade Alliance (FTA) has partnered with Logical Financial Management (LFM), National Credit Insurance Brokers (NCI) and Coface to provide a combined and specialist Trade Credit Insurance program.
 
NCI, like LFM, are Steadfast Network Insurance Brokers and have been established for over 30 years. NCI are the largest player in this field with a strong presence in the freight forwarding and transport industry. They provide a fully integrated debtors management solution for businesses in Australia, New Zealand and Singapore .
 
This new partnership will deliver the continued expertise of James Cotis and the team at LFM providing personal service and continued support to FTA members. Our shared aim is to provide the industry with the opportunity of evaluating risks and making an informed business decisions.
 
In February 2017 we will be making contact with you to discuss how we can assist you in your debtor management. In the interim, please feel free to contact James Cotis to find out more about our Trade Credit Insurance program.