On the back of a successful rollout of Fuel Bonds to Shell Dealers and Retailers in the UK, Franchiseefirst in collaboration with Shell will now provide Fuel bonds to Shell Belgium, France, Luxembourg and Netherland Dealers and Retailers. Fuel Bonds are a simple, cost-effective and efficient alternative to the bank guarantee, cash deposit or charge on property, normally required to meet their payment security obligations to Shell.
Unlike these traditional security deposits, Franchiseefirst fuel bonds do not require any collateral security, so free up cash or credit lines previously tied up for dealers and retailers to invest back into growing their business.
Franchiseefirst Chief Executive Officer, Mark Christer, says: “Our fuel bonds provide Shell Dealers and Retailers with a smart, collateral free alternative to meet their payment security requirements with Shell. It’s a quick and simple online process that can be completed in minutes, freeing up valuable cash and valuable time. The feedback from the UK Dealers and Retailers has been fantastic. They love how simple and easy the process is and especially like getting their hands back on their tied-up cash and collateral. More and more they are expecting their fuel suppliers to offer Fuel bonds as an option. Well done Shell for listening to their customers.”
Franchiseefirst fuel bonds are available immediately to Shell Dealers in the BNFL and there is no requirement for Dealers to wait for their security renewal before applying for a bond.
