Post shipment finance

the charges vary from bank to bank normally bank will keep margin of say 10-15 % which will be reversed upon realisation of bill (after recovering interest cost) If it is a first transaction with the customer the bank may obtained credit report frpm a reputed agency and debit charges to client account the bank may insisit on ECGC cover (premium varries from country of the customer) and debit the client for the premium If the payment of the bill is delayed, bank may levy penal interest and also settle the transaction at the prevailing rate (shortfall if any will be debited to client) for further details enquire with the bankers regards

Consult your Banker for the Rates of Interest