Archive for July 2018

Right Steps for Factoring Here

To understand what lies behind these terms, we must start with the official definition. The expert clarifies its definition in an information note: factoring “consists of a transfer of trade receivables from their holder to a factor responsible for collecting them and which guarantees their good end, even in case of momentary or permanent failure of the debtor. The factor may prepay all or part of the amount of the transferred claims.Factoring does not concern claims on individuals but only inter-company transactions (B2B). With the factoring accounts receivable it is important.

A factoring operation involves three protagonists

The customer

An enterprise holding claims on its own customers may transfer them to a factor after examining various information relating to its activity.

The factoring company (or factor)

He buys the receivables and provides the client with  financing ,  prevention of the risk of default  and / or the  management of the client account . In return for the service rendered, the factor receives remuneration.

The buyer (the client of the client)

The latter no longer faces the factor for the payment of the seller ‘s supplies .

What does factoring bring to my business?

Guarantee against unpaid bills

The receivables will be compensated if the customer is unable to settle, particularly in cases of collective proceedings, bankruptcy or liquidation.


The factoring company takes care of the recording of the invoices, the recovery of the debtors in case of late payment ensures the collection and the litigation service in case of non-payment.


It is the factoring company that advances, after study and validation, the amount of the receivables to the customer.

How does factoring work?

  • My company receives an order from a customer
  • Delivery is done and the invoice sent (double)
  • The claim is assigned to Factor
  • The funds are made available to my company
  • The client is notified and proceeds to recovery
  • Payment is made on the due date

What are the different types of factoring?

Customer factoring:

Technique that involves using a factoring company (Factor) to sell invoices from customer accounts in order to collect receivables and improve cash flow.

Factoring of purchases:

The company is offered through this method the ability to make direct purchases without having to advance funds. It is not the trade receivables that are financed but rather the trade payables.

Export factoring:

Financial technique to recover trade receivables from export sales.

Factoring import:

Operation that finances the import purchase transactions of the company without affecting the cash of the company and thus pay the suppliers before the deadline initially provided for in the contract.

Confidential factoring:

Customers continue to pay you normally without knowing that you are working with a factoring company (factor). Once the company receives the invoices from the customers, it must send them to the factor who will settle them within one or two days. Since the client does not know that you are working with a factor, he will settle his debt, which you will then have to sell to the factoring company.

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Apart from some trips / situations where you can also opt for the ferry or plane, the cargo is almost always the only way to transport your vehicle with the choice of roll-on / roll- off “(roro) or” container carriers “.

In a container carrier (the most recommended), the vehicle is protected and cannot move during transport; moreover nobody knows its contents (useful at the level “desires”). Inside, the vehicle is securely fastened with ropes and wooden blocks nailed into the container. You can leave your belongings inside as well as share the container to several roommates. Close all vehicle doors and keep the keys. The container will be closed with a seal of which you will keep the number, but be present on the premises for opening and closing.

As for “roro”, they offer less guarantees for it is true lower costs. There, the vehicle is on deck and you cannot leave your luggage with it. Better to pay a bit more money and have your car well protected and not in the open air and sea water.

In France the two main ports of transit where to embark are Le Havre and Marseille. If one leaves from abroad it is not useful to reserve its boats from France. Indeed, the on-site organization will generally be safer (you will be there), easier and cheaper. Allow about a week to arrange a departure (2 days in Singapore but up to 20 days in India!) And also plan a few days on arrival. Virtually all inter-port links are possible. On the busiest lines we can find a boat leaving on average every ten days, for the others … The crossing times are of course a function of distances; count about 600 km / day.

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