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What is pre-shipment finance

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What is pre-shipment finance

Posted by Samarth Dongale?? 4 years, 10 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 4 years, 10 months ago

It is also referred to as packing credit. It is working capital finance provided by Commercial banks to the exporter prior to the shipment of goods. It provides the exporters with working capital between the time of the receipt of order and the time of shipment to arrange for production or procurement of goods.

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