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post shipment finance :- Post-shipment finance is a loan or advance granted by a bank to an exporter of goods from India. This facility is available to an exporter subsequent to the date of shipment of goods upto the date of realisation of export proceeds.
pre shipment finance :- any loan to an exporter for financing the purchase, processing, manufacturing on packing of goods.
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What are the goals of export officer in banking sector?
Documents deposit for collection/negotiation/purchase against limit. You can take pre shipment finance for execution behalf of evidence. You can take post shipment finance against export proof. After remittances we can take brc for depb post export basis for incentives. To Open LC. jamil ahmad
Who is the us correspondent bank for Swiss post finance?
Correspondent U.S. bank for Post Finance
What is export refinance?
Export Refinance Scheme was introduced with an aim to boost exports of non-traditional items. The finance is given on pre as well as post shipment basis for export of eligible commodities and an exporter may avail the export finance limit, based on his last year's export performance in respect of eligible commodities.
What services are offered on the Post Finance website?
Post Finance offers their clients various online services, such as processing financial transactions, software for paperless invoices, file transfer and currency cards.
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.
What are the goals of export officer in banking sector?
Documents deposit for collection/negotiation/purchase against limit. You can take pre shipment finance for execution behalf of evidence. You can take post shipment finance against export proof. After remittances we can take brc for depb post export basis for incentives. To Open LC. jamil ahmad
What is the difference between pre shipment and post shipment?
The main difference between pre-shipment and post-shipment activities lies in the timing of their execution in the logistics process. Pre-shipment refers to the tasks and preparations that take place before a shipment leaves the origin, such as documentation, packaging, and arranging transportation. Post-shipment, on the other hand, involves activities that occur after the shipment has been dispatched, including tracking, customs clearance, and delivery to the destination. Global Logistics Alliance, like many freight management companies, handles both pre-shipment and post-shipment operations to ensure a smooth and efficient logistics process for their clients.
Where to collect my shipment?
Like for example,your shipment will be mailed to a post office and you will be notified to go collect it.Don't worry the shipment/parcel should be dropped at the nearest post office.This should happen...
What are procedure of post shipment documention?
fill forms
Who is the us correspondent bank for Swiss post finance?
Correspondent U.S. bank for Post Finance
What is export refinance?
Export Refinance Scheme was introduced with an aim to boost exports of non-traditional items. The finance is given on pre as well as post shipment basis for export of eligible commodities and an exporter may avail the export finance limit, based on his last year's export performance in respect of eligible commodities.
What is the post of a person in a company handling finance and admin?
Finance and administration manager
What are the types of pre shipment and post shipment incentives?
There are many incentives that can be used. You can give promotions, offer discounts, or even freebies to those who purchase the products.
Do you need to pay to post office if there is a shipment from eBay?
The seller is responsible for all shipping costs.
Which international payment methods provides the exporter with the strongest reduction of post shipment risk?
Cash in advance
How do you do Ph.D in Accounts Finance from Mumbai University?
how to study post graduate PHD finance course for kalina university
What services are offered on the Post Finance website?
Post Finance offers their clients various online services, such as processing financial transactions, software for paperless invoices, file transfer and currency cards.
