Fuel Finance (SIC 46719)

Grow your business with the provision of fuel finance from Trade Finance Global

Trade Finance Global / Finance Products / Fuel Finance (SIC 46719)

What is Fuel Finance?

We have many years of experience in financing fuel and have a detailed understanding of the issues facing the industry. We aim to assist in creating financing solutions that are tailored to meet the specific needs of the sector, whether you are a large-scale operator or a smaller company.

Fuel Finance

Fuel finance is available for most types of diesel and our dedicated specialists will work with you to find a funding arrangement and issue a Letter of Credit which suits your specific needs.

Types of Fuel

Key commodities include:

  • Crude oil
  • Steam coal
  • Metallurgical coal
  • Coke
  • Diesel
  • Gasoline
  • Kerosene
  • LPG
  • coal tar
  • Naptha
  • Ethanol
  • Hydrogen
  • Propane
  • Coal and water gas
  • Blast furnace gas
  • Coke oven gas
  • CNG
  • LNG
Trade Finance Requirements
  • Your business is looking for £50k+ trade finance
  •  You want to import or export fuel stock and have suppliers/ buyers
  •  Your business is creditworthy
How the transaction works

When a business wants to trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.

What is the SIC Code for Fuel Finance ?

The SIC Code is 46719 (Wholesale of other fuels and related products)

Other SIC Codes that could also be used are:

  • 35220  Distribution of gaseous fuels through mains
  • 46120  Agents involved in the sale of fuels, ores, metals and industrial chemicals
  • 47300  Retail sale of automotive fuel in specialised stores

Global trade finance for fuels

Case Study

Diesel Distribution Company

A family owned business based in Cheshire that buys in Diesel from China and sells in to suppliers in the UK and Europe. The client required payments to be made to its supplier against confirmed orders. Trade Finance Global assisted with creating an import facility for £5m for the client and expects to support the client further as their business grows.


fuel finance

Speak to our trade finance team

Benefits

  •  No security or personal guarantee required
  •  Fuel finance available even if the banks refuse finance
  •  Our partners find you solutions to increase trade
  •  Fast turnaround – get fuel finance in 24 hours

What is Trade Finance?

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About the Author

Trade Finance Global (TFG) assists companies with raising debt finance. While we can access many traditional forms of finance, we specialise in alternative finance and complex funding solutions related to international trade. We help companies to raise finance in ways that is sometimes out of reach for mainstream lenders.

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