Question
Pre- shipment credit and post-shipment credit of foreign currency
Answer :
Word Count : 179
| Feature | Pre-shipment Credit | Post-shipment Credit |
|---|---|---|
| Definition | Credit provided by banks to exporters to finance the purchase, processing, or manufacturing of goods before shipment. | Credit provided by banks to exporters after goods have been shipped, to bridge the time until payment is received from the overseas buyer. |
| Time of Availability | Before goods are shipped. | After goods have been shipped and documents have been submitted to the bank. |
| Security/Collateral | Usually secured against export documents, hypothecation _________ ___ _______ __________ ________ __________ ___ ___. ____ _______ ____ __________ _______ __________ ____ ________ ___ __________. ______ _____ ________ _______ _______ ___ _________ ___ ________ ______ ____ _______. __________ ________ _______ ____ __________. _______ _____ _______ _____ _________ _____ _________ _________ __________ _______. ________ __________ ____ _____ _________ ___ _________ ____ ______. ______ ______ ______ ____ _______ ______ _________. ________ _______ ________ ____ ____ ________ ________ ____. _____ _________ ________ _______ ___ ___ ________. _______ __________ ___ ________ ______ ________ __________ ________ __________ __________. ______ _________ __________ ____ ________ _____ ___. _______ _____ _____ _________ _____ _______ __________ ________ ________ _________. _________ ___ __________ ___ _____ __________. _____ __________ ________ ___ ____ _________ ___. IGNOU ACADEMY Your IGNOU journey, made easier.
Continue Reading — It's Free Sign in with Google to unlock more of this answer. ✓ Free access ✓ Unlock up to 60% of the answer ✓ No payment required Quick Google sign-in. No separate registration form. |