GENERAL & COMMERCIAL
SERVICING A RANGE OF INDUSTRIES /
Our approach is tailored to each individual business need. We work to free up your company’s cash flow, allowing you to use capital more efficiently to sustain your business growth. We truly partner with your business to ensure success.
> LOGISTICS GUARANTEES
Clearing & Forwarding Agents, Importers and Logistics Providers/
Lombard Guarantee General & Commercial offers the full spectrum of guarantees required by Clearing and Forwarding Agents, Warehousemen and Transporters.
These Guarantees include:
- Customs and Deferment Guarantees
- Bonded Warehouse and Rental Guarantees
- National Consignor Bond Guarantees
- Temporary Import Bonds and Cross Border Guarantees
- Transnet National Ports Authority (TNPA)
- Transnet Port Terminals (TPT)
- Transnet Freight Rail (TFR)
- Airlines locally and internationally.
Our team prides itself on great knowledge of the industry. We also make it our business to stay up to speed with the latest regulatory and industry developments, and are active participants in relevant industry forums, such as the South African Association of Freight Forwarders (SAAFF) – ensuring our clients benefit from our informed expertise.
WHAT ARE LOGISTICS GUARANTEES?
Logistics Guarantees are offered as security to SARS Customs or the logistics suppliers in line with their policy. The guarantee usually states that if the client does not adhere to the terms as laid out by the beneficiary of the guarantee, the beneficiary can claim such payment against the guarantee. This could cover payment of deferment accounts, acquittals into a bonded warehouse or consignor bond, or for a credit line offered by Transnet for port usage.
> FUEL GUARANTEES
Lombard Guarantee General & Commercial Fuel Guarantees provide support for bulk users and suppliers of fuel including airlines, mines, transporters, manufacturers, wholesale buyers and distributors (wholesale and retail) of fuel products (including lubricants and related products). Our flexible approach offers a welcome alternative to upfront cash deposits, easing the financial burden on buyers. These guarantees are issued to fuel companies such as Shell, Chevron, Total, Sasol, Engen, Puma Energy etc.
> NICHE CONTRACT GUARANTEES
Lombard Guarantee General & Commercial provide unique guarantees on a contract by contract basis. With the increasing need for guarantees to give employers (beneficiaries) peace of mind, the need for non-traditional solutions that permit the contractor to perform under the contract has increased too. For this reason, Lombard has created a Niche Contract solution which looks to understand the underlying contract, triggers for non-performance and creates a guarantee wording to compliment your underlying contractual obligation with your employer.
The guarantee solutions which can be provided, linking to the underlying contract are;
- Advance payment guarantees
- Performance guarantees, and
- Retention guarantees
All of these solutions assist your business in:
- Freeing up capital to improve your project cash flow
- Increased comfort to employer
- Cash positive from day one
Although these guarantees are often once off for a particular contract, Lombard is dedicated to forming long standing relationships with our clients, becoming business partners, understanding your business and creating solutions to strengthen it.
If you are unsure as to whether Lombard can provide you with a guarantee solution, contact us and our experienced underwriters will be able to advise you.