Floating charge

Floating charge concept is represented by the pledge of goods in circulation in Uzbekistan. The floating charge, therefore, may be regarded in the context of the pledge of goods in circulation only and the term “floating charge” is only used to convenience rather than for the legal qualification of a pledge.

The pledge of goods in circulation can be used to cover all assets in circulation such as inventories, raw materials, semi-finished and finished products, including those that will be acquired in the future. So, these are basically assets of the pledge provider that are not fixed assets and that are designated to be used (processed) and sold by the pledge provider to get a profit. This pledge is, therefore, relevant and useful in the event that the pledge provider is a manufacturing company having considerable stock for production, processing and sale.

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Floating charge

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All payments currently accepted via bank transfers only. Please complete a form below to receive an Agreement for our product and invoice.