Exports

Export Letter of Credit (Advising / Confirmation)

An Export Letter of Credit is an irrevocable undertaking provided by the Buyer’s Bank guaranteeing payment to the Seller against presentation of shipping documents conforming with LC terms and conditions.

Features:

  • Provides the Seller the assurance to receive payment for value of the goods shipped
  • Confirming Bank further reduces the payment risk by providing an additional undertaking to pay the Seller against presentation of shipping documents conforming with LC terms and conditions

 

Export Documentary Collections

The Seller entrusts the collection of payment to the Bank for shipments effected with instructions for onward delivery of documents to the Buyer viz. whether under payment or acceptance basis

Features:

  • Allows the Bank to collect payment from the Buyer in a quick and timely manner

 

Export Pre-Shipment / Packing Credit Loan

Loan granted to the Seller against Export Letter of Credit/Purchase Order

Features:

  • Provides cash liquidity to the Seller for purchase of raw materials, processing, manufacturing and packing of goods prior to final shipment

 

Export Post-Shipment / Bill Discounting Loan

Loan granted to the Seller for the value of shipment effected to the Buyer

Features:

  • Improves cash flow for the Seller who gets paid by the Discounting Bank much before the actual payment is due from the Buyer