Pre-Shipment Finance
Pre-shipment finance, also referred to as purchase order finance or packing credit, is working capital finance provided by Family Bank to the exporter/seller prior to shipment or delivery of goods.
Features
- Purchase raw materials and other inputs for manufacturing goods
- Assemble goods, in the case of merchant traders
- Store goods in suitable warehouses until they are shipped/delivered
- Pay for packing, marking and labelling of goods
- Pay for pre-shipment inspection charges
- Import or purchase heavy machinery and other capital goods to produce export goods
- Pay for consultancy services
- Pay for documentation expenses
Benefits
- 100% secured with cash or conventional collateral
Requirements
- Pre-shipment/delivery finance facility or cash margin
- Customer's letter of request
- Purchase order
See also:
Import Duty Financing
Get credit to settle port charges
Invoice/Certificate Discounting
Get cash advances on unpaid invoices
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