Export Packing Credit is a pre-shipment working-capital facility given to exporters to purchase raw materials, manufacture/process goods, pack them, and prepare the shipment.
How the limit is decided:
* Export order / confirmed export contract or LC
* Raw-material and production cost
* Export cycle and time required
* Past export turnover and banking track record
* Margin/security required by the bank
* Existing working-capital limits
Banks generally calculate the finance on a need-based basis against specific or continuous export orders, considering the production/procurement cycle.
Simply Exim thru Sow Exim
91 9944430392
ceo@sowexim.com
www.sowexim.com
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