Transport | Sterling FX

The shipping industry as a whole is extremely sensitive to currency market fluctuations and the companies that operate in this sector have multiple international payments to make. These range from payments to ports and terminals for using their facilities, Customs Duties and Taxes, Crew payroll that may be paid in various currencies, Carrier Charges, Container Leasing/Rental Fees, repairs costs of vessels and warehouse costs amongst others.

It is very important that shipping companies manage these international payments carefully. In some instances, regular future payments can benefit from forward contracts. These contracts can lock in the exchange rate for future payouts. This in turn can help with budgeting and result in a positive impact on the bottom line.

If there is a mix of immediate and future foreign exchange payments, Sterling FX can devise a bespoke hedging solution that would combine both spot and forward contracts to optimize risk management.

Our telephone brokerage service offers instant expert market insights, alongside our efficient online international payments solution. Which means our clients receive in depth analysis, price transparency and a low cost service along with all the tools to execute the defined foreign exchange strategy.

Our purpose is to identify, create and monitor any strategy we implement for our customers to ensure that it still serves its purpose. As Covid demonstrated, business needs can change overnight and it is important that our strategy enhances the financial resilience of shipping and freight companies that we work with.

What can you expect?

Bespoke
service

24/7 global
payments platform

Our network of
liquidity providers

Transparent
pricing

Trade
analysis

Track record
of 40 years+

Smart
technology

Bespoke
service

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24/7 global
payments platform

Our network of
liquidity providers

Transparent
pricing

Trade
analysis

Track record
of 40 years+

Smart
technology

FAQ's

Our technology

Our online platform was built by us and is owned by us which means that we are completely in control when it comes to offering our clients an easy to use interface. efficiency. speed and security when it comes to sending money abroad. Make use of our clever dashboard tools to mitigate any exposures you may face.

Price transparency

We want to save your business time. energy and money. Our completely transparent model means no hidden fees. We have an up front fixed fee model that is based on your company requirements and profile. This means that any time you transfer you know exactly what will be charged from our end.

Our people

Every business is only as good as it's people and we have invested heavily in a knowledgeable team of individuals who understand business and want to implement clever cost cutting solutions. Our on demand service means you can place your international payments online 24/7 or call into our dealing desk.

Core values and expertise

With over 30 years in this sector we live and breath the foreign currency markets. We are genuinely interested in learning about businesses and understanding individual requirements. Every person within our organisation is dedicated to finding solutions to protect a Client's bottom line and offer the best execution.

Currencies		Sterling FX rates	Bank rates	You could save (for £1000)

*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.

Furthermore, in many cases the banks will not provide you with a good foreign exchange rate either, so in which case you may get stung twice. That's why it makes sense to get your Travel Money from The Sterling FX - your preferred currency exchange in London.