Independent verification of the quantity, quality, condition and movement of goods at each stage of a transaction, so the bank acts on confirmed facts before payment or release.
What we do
- Pre-loading and offloading inspections
- Quantity verification
- Quality and condition checks
- Packaging and warehouse inspections
- Dispatch confirmation
- Damage, discrepancy and photo-evidence reports
What the lender gains
- Fewer disputes between parties
- Goods confirmed before payment or release
- Support for insurance claims
- Fewer costly errors and shortages
- Reliable documentary records
Questions Lenders Ask
When do you inspect?
At intake, during storage, and at loading and offloading, so the bank acts on confirmed facts before payment or release.
What does the bank receive?
A written report on quantity, quality and condition, with photographs of any damage or discrepancy.
Which goods do you accept?
Non-perishable goods with a shelf life beyond six months.
Can a report support an insurance claim?
Yes. Dated reports and photographs record the condition of the goods. Stored goods are insured with the bank named loss payee.
Read all the questions lenders ask.
How a Mandate Starts
- We review the goods, the site and the release process with you.
- The bank, the borrower and VSM sign a tripartite Collateral Management Agreement.
- We take control of the goods and report to the bank until it orders their release.
See all fifteen stages or read the questions lenders ask.
More Collateral Management Services
- Collateral Management
- Tax and Freight Facility
- Collateral Monitoring and Audit
- Commodity Exchange-Linked Financing
- Secured Distribution
Looking for advisory and logistics? See Advisory and Logistics
See also How It Works and For Banks.