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Export Finance
Export finance refers to short-term working capital finance allowed to an exporter.
Export Finance
It includes any loan to an exporter for
financing the purchase, processing,
Pre-Shipment Finance
Pre-shipment finance is also referred as
packing credit. The finance required to meet various expenses before shipment of goods is called pre-shipment finance.
Pre-Shipment Finance
Pre-shipment finance is provided to an exporter for
for exports.
It is working capital finance provided by commercial banks to the exporter prior to shipment of goods.
Post-Shipment Finance
The finance provided after shipment of goods is called post-shipment finance. Post shipment finance is provided to meet working capital requirements after the actual shipment of goods. It bridges the financial gap between the date of shipment and actual receipt of payment from overseas
buyer thereof.
EXIM Bank
Export-Import Bank of India is the premier export finance institution of the country, established in 1982 under the ExportImport Bank of India Act 1981.
It has its headquarter in Mumbai and its branches and offices in important cities in India and abroad.
growth.
MAIN OBJECTIVES
To provide financial assistance (medium and long term) to
ECGC
The Export Credit Guarantee Corporation of India Limited (ECGC) is a company wholly owned by the Government of India based in Mumbai.
Functions
Offers insurance protection to exporters against payment risks Provides guidance in export-related activities Makes available information on different countries with its own credit ratings Makes it easy to obtain export finance from banks/financial institutions
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