NIBUR Trade Financing organized the deferred payment financing on fish import from Norway for Kamyshin Fish-Factory
The international company NIBUR Trade Financing organized the deferred payment financing on raw fish material import from Norway for Kamyshin Fish-Factory, reports www.megafishnet.com with reference to the company.
The Norwegian export credit agency GIEK Kredittforsikring AS set a credit limit for Kamyshin Fish-Factory.
Within the limit set by the export credit agency the Norwegian suppliers started dispatching fish products to the Russian company with the deferred payment.
In spite of the small limit set by GIEK, the transaction is meaningful as it's the first transaction to the address of a small Russian company without the guarantee of the Russian bank.
About Kamyshin Fish-Factory
Kamyshin Fish-Factory is one of the largest producers of fish products in the Volga region. The company was established in 1998, it is located in Kamyshin. The target product market is Volgograd Region and nearby districts: Saratov, Chelyabinsk, Samara, Tambov, Nizhny Novgorod and Rostov Region. The company's revenue is 188 million rubles according to the financial statements of 2010. More information is available on the website http://www.kamrz.ru/ NIBUR Trade Financing deals with international trade financing. NIBUR was established during the restructuring of Glitnir AB. The main activity of the company is structured import guarantees attracting. At the end of 2009 Nibur acquired ArDy Capital's financial advisory business which was servicing Russian trade financing sector for over 10 years. Since 2010, within the scope of the project "Russian-Chinese Financial Center St Petersburg» the company focuses on supporting the Russian banks in obtaining credit limits at the Chinese financial institutions for trade financing and organizing the financing of large infrastructure investment projects in Russia with participation of the Chinese partners. More information is available on the website http://www.niburtf.com/