The Drip Capital Blog
Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
What is Demurrage and Detention in the Shipping Industry?
Both detention and demurrage refer to charges imposed for the use of shipping containers or other equipment. These charges are imposed when containers are used beyond the allotted free time provided by the carrier/ terminal operator. However, the difference between the two charges depends on the location of the container at the time of delay.
Drip Capital Secures $113M in New Funding to Accelerate Growth
Palo Alto, September 2024: Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC) and $90 million in debt financing led by the International Finance Corporation (IFC) and East West Bank.
Bank Guarantee | Meaning, Process, Format & more
A bank guarantee is a financial instrument wherein a bank acts as the guarantor of the liabilities undertaken by the borrower/applicant. In other words, the bank agrees to pay the amount in case the borrower is not able to fulfil the conditions of the agreement.
Getting Your Business's Financial Projections Right
Before you actually seek financing for your export business, it is important to draft estimates of the various assets and liabilities you foresee having. These financial projections will help you make the most of your funds during regular operations, as well as prepare for worst-case scenarios.
Overdraft Facility | What is it & How does it work
An overdraft is a facility provided by the bank through which an account holder can borrow up to a certain sum once the account balance reaches zero. The lender levies interest or an overdraft fee on the borrowed amount, and the money is to be returned within stipulated time frames.
How International Ocean Freight Shipping Works?
Here is a complete guide to Ocean Freight in International Shipping explaining its meaning, how it works, calculation of cost, types of ocean freight carriers, and a comparison with Air Freight.
How Air Freight Shipping Works in International Trade
Air Freight refers to the goods that are moved by loading them up in an aircraft carrier and sent to their destination via the aerial routes. These aircrafts can be passenger planes, commercial planes, or chartered flights.