Trade finance is used by firms to facilitate international commerce and trade. Exporters and importers can make effortless business transactions through trade finance. It covers all the financial products that every company and bank uses to make the transactions in trade feasible. Trade finance’s primary function is to eliminate the risk of supply and payment while making third-party transactions. Furthermore, it provides the exporter with cost per the agreement if the importer extends the credit date. Numerous parties work for trade finance: insurers, banks, importers, exporters, trade finance companies, service providers and export credit agencies.