Packing Credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2009
Hi,
I am Nitu Pandey, working with a software company as an account Executive. I want to know about procecing packing credit & what is documentation for this.
Thanks & Regard
Nitu
I am Nitu Pandey, working with a software company as an account Executive. I want to know about procecing packing credit & what is documentation for this.
Thanks & Regard
Nitu
04 December 2009
Packing credit loan are of two types.
1) Pre shipment credit.
Pre-shipment Credit Funds lent by banks in rupees or foreign currency (PCFC) to exporters, prior to the shipment of goods. Pre-shipment finance can be in the form of packing credit, advance against cash incentives and others.
2) Post shipment credit.
Post-shipment Credit Funds lent by banks in rupees or dollar-denominated credit (PSCFC) to exporters after the shipment of goods. This is useful to exporters who may otherwise suffer a long collection period. Post-shipment finance can be in the form of purchase or discounting of export bills, advance against foreign bills presented for collection, advance against cash incentives, etc.
1) Pre shipment credit.
Pre-shipment Credit Funds lent by banks in rupees or foreign currency (PCFC) to exporters, prior to the shipment of goods. Pre-shipment finance can be in the form of packing credit, advance against cash incentives and others.
2) Post shipment credit.
Post-shipment Credit Funds lent by banks in rupees or dollar-denominated credit (PSCFC) to exporters after the shipment of goods. This is useful to exporters who may otherwise suffer a long collection period. Post-shipment finance can be in the form of purchase or discounting of export bills, advance against foreign bills presented for collection, advance against cash incentives, etc.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2009
Sir Thanks Again
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