PRE-SHIPMENT_FINANCE_BY_gr7

PRE-SHIPMENT_FINANCE_BY_gr7 - 5/30/11 PRESHIPMENTFINANCE...

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Click to edit Master subtitle style 5/30/11 PRE-SHIPMENT FINANCE Submitted by                                    GR7
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5/30/11 Defination Pre-shipment is also referred as  “packing  credit”.  It is  working capital finance  provided  by  commercial banks to the exporter  prior to  shipment of goods. The finance required to meet  various expenses before shipment of goods is  called pre-shipment finance or packing credit.
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5/30/11 Process flow of Pre shipment finance
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5/30/11 IMPORTANCE OF FINANCE AT  PRE-SHIPMENT STAGE To  purchase raw material , and other inputs to  manufacture goods.  To  assemble the goods  in the case of merchant  exporters.  To  store the goods  in suitable warehouses till  the goods are shipped.  To  pay for packing, marking and labelling  of  goods.  To pay for  pre-shipment inspection charges
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PRE-SHIPMENT_FINANCE_BY_gr7 - 5/30/11 PRESHIPMENTFINANCE...

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