PRE-SHIPMENT FINANCE
Pre-Shipment Advance (or advance before shipment of goods) in the form of packing credit is made available to eligible exporters for the purpose of purchasing, manufacturing, processing, packing and shipping of goods meant for exports against lodging a irrevocable LC established in favor of the exporter through a reputed bank, and a confirmed order/contract placed by the buyer for exports.
POST-SHIPMENT FINANCE
Post-shipment advance is extended in the form of negotiation / purchase / discount of export bills drawn under letters of credit, confirmed orders / export contracts. The bills are negotiated / purchased / discounted at the Bank’s bill buying rate prevailing on the date of negotiation, which is extremely competitive / attractive to the exporter.
TRUST RECEIPT/IMPORT LOAN
Trust Receipt loan is offered to the importer for a certain limit of the value of import Letter of Credit. It is offered to meet the running requirements from the port of discharge to the warehouse of the importer.
To avail this facility, you are required to obtain Letter of Credit and Trust Receipt limit, for which you are required to submit financials of last two to three years, whether audited or provisional and also projections for one year. |