Pre-shipment / Packing Credit is a loan or advance given to an exporter to fund the purchase, processing, manufacture, or packing of products prior to shipping.
Pre-shipment financing is credit given to exporters prior to the shipment of products in order to complete the export order. Finance Following Shipment Post-shipment finance is credit given to exporters after their goods have been shipped to cover their working capital needs.
Pre-shipment finance refers to the financial assistance offered to an exporter from the time the order is received until the goods are shipped. It can be either fund-based or non-fund-based.
Packing Credit Types (Pre-shipment Credit)
Loan for Extended Packing Credit.
Shipping Loans with Security
Advances against multiple letters of credit.
Letter of Credit with Red or Green Clause
Export Incentives are being challenged.
Advances Against Duty Reductions
This is determined by a number of important elements. A maximum of 180 days is allowed, and in the case of Rupee credit, the branch supervises the credit's final use. Advances given under the PCFC Scheme shall not be diverted for any other home purpose.
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Ramesh Solanki
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