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The style of packing normally used during an export to another country. Before being loaded into the transport conveyance all furniture pieces are individually and permanently wrapped in heavy duty protective materials such as specialist designed bubble wrap or multi-ply paper sheets
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What is Whole Turnover Packing Credit Guarantee?
The whole turnover packing credit guarantee is issued to the banks so as to cover the exporter. This ensures that the person gets quality services from the banking institutions.
What is a MT798?
MT798 is an authenticated message that is used by Corporates in lieu of the MT 760 to send financial instruments such as Safekeeping Receipts, Import Letters of Credit, Export Letters of Credit and Standby Letters of Credit to member Banks of the SWIFT system. Thank you K.O/Accra-Ghana
Is a bank overdraft debit or credit?
The answer will appear on the statement in re, meaning that it is a negative or credit value.
What does debit and credit mean?
Debit is when they take from your bank. A credit is money paid into your account. But the other meaning of credit is the ability to borrow money. The more money you make and the more you use your credit and pay it off, the more credit you get.
What is DEPB?
DEPB stands for Duty Entitlement Pass Book. It is a scheme which is offered by the Indian government to encourage exports from the country. DEPB means Duty Entitlement Pass Book to neutralise the incidence of basic and special customs duty on import content of export product. This is provided by way of grant of duty credit against the export product at specified rates. The DEPB Scheme which was notified on 1/4/1997 consisted of (a) Post-export DEPB and (b) Pre-export DEPB. The pre-export DEPB scheme was abolished w.e.f. 1/4/2000. Under the post-export DEPB, which is issued after exports, the exporter is given a duty entitlement Pass Book at a pre-determined credit on the FOB value. The DEPB allows import of any items except the items which are otherwise restricted for imports. Source: Government of India, Department of Commerce
What is the latest Export Packing Credit interest rates of SBI?
what is the latest export packing credit interest and foreign bill purchase interest rate of SBI.
Should export packing credit should be a rupee based one or foreign currency based one based on foreign currency management skills?
Packing Credit## Foreign currency packing credit (FCPC) Here the loan is taken in the foreign currency itself, when actual payment is received in foreign currency it is directly settled. Here no premium is available to the exporter. b. Rupee packing credit Here the loan is taken in rupee and therefore there is a scope for forward cover. Here the exporter gets a premium which reduces the interest charges.
What is export packing credit?
Export Packing Credit.industry used term - EPC RATESThis is a fluctuating rates linked with LIBOR (London Inter Bank offered Rates)In international trading, both the parties are not aware of each other, hence, they employ a world-renowned bank (globally) because they do not trust each other & deal through that bank instead.Export Packing Credit are of 2 forms1. Pre-shipment Credit (Packing Credit)2. Post-Shipment CreditThese are available to the exporters, for financing purchase, processing, manufacturing or packing of goods prior to shipment.This would mean any loan or advance extended to you by the bank on the basis of:a) Letter of Credit opened in your favor or in favor of some other person, by an overseas buyer;b) a confirmed and irrevocable order for the export of goods from India;c) any other evidence of an order or export from India having been placed on the exporter or some other person, unless lodgement of export order or Letter of Credit with the bank has been waived.Packing Credit is granted for a period depending upon the circumstances of the individual case, such as the time required for procuring, manufacturing or processing (where necessary) and shipping the relative goods. Packing credit is released in one lump sum or in stages, as per the requirement for executing the orders/LC.The pre-shipment / packing credit granted has to be liquidated out of the proceeds of the bill dawn for the exported commodities, once the bill is purchased/discounted etc., thereby converting pre-shipment credit into post-shipment credit.Post Shipment Packing CreditIt runs from the date of extending credit, after shipment of goods to the date of realization of export proceeds and includes any loan / advance granted on the security of any duty drawback allowed by the Govt. from time to time. Post-shipment credit has to be liquidated by the proceeds of export bills received from abroad in respect of goods exported.The exporter has the following options at post-shipment stage:i. To get export bills purchased /discounted / negotiated;ii. To get advances against bills for collection;iii. To receive advances against duty drawback receivable from Govt.The exporter has the option to avail of pre-shipment and post-shipment credit either in rupee or in foreign currency. However, if the pre-shipment credit has been availed in foreign currency, the post-shipment credit has necessarily to be under EBR Scheme since foreign currency pre-shipment credit has to be liquidated in foreign currency. The details of pre-shipment and post-shipment credit in foreign currency are mentioned below.
When was Belgian Export Credit Agency created?
Belgian Export Credit Agency was created in 1921.
What is Belgian Export Credit Agency's population?
Belgian Export Credit Agency's population is 160.
What is the population of Belgian Export Credit Agency?
Belgian Export Credit Agency's population is 380.
What is the purpose of Export Development Canada?
The Export Development Center in Canada is an export credit agency that focuses on credit development, risk management, and financing services to exporters.
What is export proceeds?
meaning of export proceeds
What is a line of credit?
A line of credit is any credit source extended to a government, business or individual by a bank or other financial institution. A line of credit may take several forms, such as overdraft protection, demand loan, special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card account, etc. Source: wikipedia.org
When was Export Credit Guarantee Corporation of India created?
Export Credit Guarantee Corporation of India was created on 1957-07-30.
What is the Meaning of export marketing?
export marketing is one of the market import-export of goods and services in the export marketing
What best explains the ter compression?
packing a lot of meaning into a small space
