Duty Deferment / Custom Bonds
Duty and VAT are payable immediately upon importation into the UK at the point of entry. The Euler Hermes Credit and Guarantee Duty Deferment Guarantee facility allows importers the flexibility to defer payment for up to 45 days. This deferment period provides a very real cash flow advantage to these companies.
Sector
Any company that imports goods from outside of the EU.
Main Features
- Payment is deferred by up to 45 days.
- The guarantee amount is not deducted from any bank facility.
- Collateral security is not required.
- Personal guarantees are not required from Directors and Shareholders.
- Our rates are competitive with bank rates.
- We react rapidly to guarantee requests.
Criteria
- Established importers and freight forwarders of limited liability status.
- Consideration given to MBOs.
- Services can be provided on an ongoing facility basis or specific contract.
- Open to intermediaries.
- Commission variable.
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