Reyansh Goswami

Post shipment credit is extended to exporters by bank with low interest rate till realization of their export proceeds. Post shipment loan helps exporters to get finance without waiting amount of sales from their overseas buyers.

Post shipment credit means any loan or advance granted or any other credit provided by a bank to an exporter of goods or (and) services from the date of extending credit after shipment of goods or (and) rendering of services to the date of realization of export proceeds as per the period of realization prescribed by FED, and includes any loan or advance granted to an exporter, in consideration of, or on the security of any duty drawback allowed by the Government from time to time. Banks serves with low interest rate to exporters under post shipment credit based on the guidelines of Reserve Bank.

Since the current instructions of FED, the period prescribed for realization of export proceeds is 12 months from the date of shipment, and if amount has not been realized from overseas buyer within the stipulated period, bank can crystalize such export bills with commercial interest rate.

It all depends upon your skills and efficiency to obtain products and services. Ordering from the factory is beneficial when you have a bulk order, you can purchase it at a direct factory price rate. This also reduces the cost of a middleman. However, dealing with a trading company has its own advantages. It reduces the risk of factory audits. For instance, if you have ordered something and paid in advance and after that, the factory shuts down, you will most probably lose your money. In such cases, the trading company would have been a better option as they are accountable. And also a trading company has better customer service in comparison with factories. Trading companies have a variety of products to offer compared to factories but it is good only for small quantity buyers. Both have pros and cons, this duly depends upon the nature of your business and requirements.

1. In recent years, the scope of implementation of ICT information technologies and advanced data processing technologies Industry 4.0 into logistics management systems has been increasing. Effective implementation of ICT information technologies and Industry 4.0 technology contributes to improving the efficiency of logistics processes, including production logistics, service provision, supply, distribution, etc. In addition, the implementation of internet technologies in logistics processes increases the scope of development of e-logistics. The current technological revolution referred to as Industry 4.0 is motivated by the development of the following factors: Big Data database technologies, cloud computing, machine learning, Internet of Things, Artificial Intelligence, Business Intelligence, Virtual and Augmented Reality and other advanced technologies of Data Mining. Increasingly, these technologies are used to develop e-logistics. In addition, in recent years the development of e-logistics is also determined by technological progress in the field of electronic internet banking and the development of information services provided via the Internet by internet technology companies and fintechs. 2. We can consider, about the changing logistics in the distribution of products in connection with the development of Internet commerce, that there are two main points: - the order picking - the delivery. About the order picking, there are three essential alternatives: - warehouse-picking (through a regional warehouse) - store-picking - depot-picking (through a very close depot). About the delivery, there also are three main alternatives: - home delivery - parcel pickup at very close pickup points (by stores or automated lockers) - parcel pickup at UCC (Urban Consolidation Center - small logistic infrastructure).

Trade balance is a country’s exports minus its imports. Consequently, a country’s trade balance is positive if the value of its exports exceeds the value of its imports. Similarly, a country’s trade balance is negative if the value of its imports exceeds the value of its exports. A positive trade balance is referred to as a trade surplus. A negative trade balance is referred to as a trade deficit.