A large lumber company from the West struggled to supply timber to the Indian market despite having superior quality products. They faced challenges securing letters of credit and could not ship without fear of payment defaults. After discussing their case with Momentum, we proposed a system of stock and sale by the client instead of direct sales to individuals.

Process:

• Worked with a Free Trade Warehousing Zone (FTWZ).
• Client ships timber to FTWZ, stores it, and sells in small volumes to numerous sellers.
• No need for Indian registrations or compliances.
• Billing done out of the client’s overseas company, with proceeds remitted in US Dollars.