Scottish Spirits Announces New Line of Credit for Customers

A New Arrangement With COFACE Allows Scottish Spirits Ltd Customers to Open a 60-Day Line of Credit.

FOR IMMEDIATE RELEASE

Scottish Spirits Ltd has entered an agreement with COFACE which allows Scottish Spirits Ltd to extend a line of credit on open account to its customers worldwide. Once secured, the line of credit will be valid for 60 days after receipt of goods.

Scottish Spirits Ltd will consider opening the credit line to vendors who meet the following criteria. They are a well-known importer in their country. They can provide excellent bank and credit references, with a balance sheet showing constant growth and profitability, then you are a good candidate to open a 60-day line of credit with Scottish Spirits Ltd.

The line of credit can be applied to the purchase of Scottish Spirits' products. Export prices vary but begin as low as $26 per case FOB Panama, or $30.00 per case CIF to any port worldwide.

Scottish Spirits currently has subsidiaries in North America, Panama and the UK. Scottish Spirits is now looking to extend the distribution network worldwide, with distributors in China, Japan, India, Korea, Europe, Africa, Latin America and the Caribbean, and others.

"We are very happy to be working with COFACE," states Reynald Henry, Export Manager of Scottish Spirits. "The credit program allows us to improve service to our distributors and to assist in future expansion. It is a good deal for everyone."

About Scottish Spirits

Scottish Spirits Ltd has exported its products around the world since 1896. Our distribution center in Panama directly serves Latin America and the Caribbean. Our company is currently looking to create strategic alliances and to appoint exclusive licensees worldwide in order to further expand the Scottish Spirits Ltd brand.