Join | Sign In
< Back to questions :: Q&A / Shipping / Electronics

Post shipment finance

Shipping
Electronics
From Bangladesh
To United Arab Emirates
145 views / 0 experts
Ehsan A.
Dec 14, 2020

What is post shipment finance?

1 answer

Imad K.
Dec 14, 2020

Post Shipment Finance is a kind of loan provided by a financial institution to an exporter or seller against a shipment that has already been made. This type of export finance is granted from the date of extending the credit after shipment of the goods to the realization date of the exporter proceeds. Exporters dont wait for the importer to deposit the funds.

The post shipment finance can be classified as :

a) Export Bills purchased/discounted.

b) Export Bills negotiated

c) Advance against export bills sent on collection basis.

d) Advance against export on consignment basis

e) Advance against undrawn balance on exports

f) Advance against claims of Duty Drawback.

read more
Raymond Yang
Raymond Y.
Amber Stellingwerf
Amber S.
Leon Lacroix
Leon L.
This website uses cookies. By using this website, you consent to our use of these cookies