Asset Based Lending Blog/News

April 28, 2021 | Government, Lending, Shipping, Uncategorized

By: Slava Vernidub, Express Trade Capital Every year, trade transactions exceeding US$2 trillion are conducted under UCP600, totaling some 11% of all import/export transactions.­­1 The primary goal of the UCP600 is to ease cross-border trade by providing global uniform rules regulating the issuance and usage of letters of credit (“LCs”). To date, the UCP (“Uniform […]

January 15, 2021 | Events, Announcement, Cargo, Government, Manufacturing, Uncategorized

Effective January 13, 2021, the CBP has issued a Withhold Release Order (WRO) that all U.S. ports of entry, U.S. Customs and Border Protection (CBP) will detain cotton products and tomato products produced in China’s Xinjian Uygur Autonomous Region. The WRO will detain the following products from China’s Xinjian Uygur: Apparel, textiles, tomato seeds, canned […]

January 11, 2021 | Announcement

Important Upcoming Information: Due to the upcoming Federal Holiday, our office will be closed Monday, January 18th, 2021. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience

December 21, 2020 | Announcement

Important Upcoming Information: Due to the upcoming Holidays, our office will be closing Thursday (12/24) at 3pm and closed on Friday (12/25). We also will be closing Thursday (12/31) at 3pm and closed Friday (1/1/2021). Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for […]

November 23, 2020 | Announcement

Important Upcoming Information: Due to the upcoming holiday, our office will be closing Wednesday, November 25th at 3 PM and will re-open Monday, November 30th. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

November 2, 2020 | Announcement

Important Upcoming Information Due to the upcoming federal holiday, our office will be closed Wednesday, November 11th. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

October 5, 2020 | Announcement

Important Upcoming Information Due to the upcoming Federal Holiday, our office will be closed on Monday, October 12th. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

September 22, 2020 | Announcement

Important Upcoming Information: On Monday, September 28, there will be no funding available of any-kind (including the issuance of LC’s). Please advise, we are still open to handle all other client relations. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

August 31, 2020 | Announcement

Important Upcoming Information Due to the upcoming Federal Holiday, our office will be closing at 3PM on Friday, September 4th through Monday, September 7th. Please contact your account officer to plan accordingly during this time frame, We greatly appreciate your understanding and apologize for any inconvenience

April 29, 2020 | Announcement, Apparel Industry, Cargo, Retail, Shipping, Small Business, Uncategorized

By: Dina Davletshina, New Business Development COVID-19 has disrupted nearly every part of our lives. Yes, the public health consequences are tragic. But along with this, small and large businesses alike are feeling significant economic pain. Companies in the consumer goods industry are encountering significant supply chain challenges and quickly shifting consumer spending habits. The […]