Corvest Pty LTD being the main share holder in Global Fish, we are part of the First Rand Group. Therefore we can offer finance to selected vessel owners through out Southern Africa, in the form of loan and supply agreements. Where by the boat owner / skipper re-pays the loan by a contractual amount per kilogram back to Global Fish.
These loans are processed through 4 different financing areas of our group:
1. Global Fish financed loans or advances. Coming from Global Fish or Global Nam’s working Capital.
At any given time Global Fish has more than 20 loan and supply agreements in place. Making itself the most dedicated supporter of the tuna industry.
Objective of Financing vessels is to enable Global Fish to be able to supply its clients a consistent and continual supply of tuna. To continually up grade the local fishing fleet and to give boats to our local fishing community. To also ensure the fisherman have the best possible vessels
We have four categories of local tuna vessels catching pole and line.
A – Live bait vessels (Usually holds 50mt to 120mt)
B – Sea freezer vessels (Holds between 25mt to 50mt)
C – Ice vessels (Hold capacity is 10mt to 50mt)
D – Ski vessels (Hold capacity of 100 to 300 fish) they generally do 1 to 3 day trips.