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Pre Shipment

Pre Shipment

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Published by imad rehman
nternational marketing is simply the application of marketing principles to more than one country. However, there is a crossover between what is commonly expressed as international marketing and global marketing, which is a similar term. For the purposes of this lesson on international marketing and those that follow it, international marketing and global marketing are interchangeable
nternational marketing is simply the application of marketing principles to more than one country. However, there is a crossover between what is commonly expressed as international marketing and global marketing, which is a similar term. For the purposes of this lesson on international marketing and those that follow it, international marketing and global marketing are interchangeable

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Published by: imad rehman on Apr 03, 2011
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05/27/2014

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Pre-Shipment and Post-ShipmentFinance
Dr. A.K. SenguptaFormer Dean, Indian Institute of Foreign Trade
 
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‡ An exporter needs finance for processing/ manufacturing /assembling / procuring / packing the goods for export.‡ Pre-shipment finance is provided to the exporter to meet suchrequirements.‡ After the shipment is made, the exporter will have to givecredit to the importer for an agreed period.‡ Even if no credit is provided, the exporter will have to wait tillthe documents reach the importer and he makes the payment.‡ It will take some more time before the advice of payment isfinally communicated to the exporter.‡ Post-shipment finance is provided to the exporter to meet hisneeds for funds during the intervening period between theshipment of the goods and the receipt of payment.
 
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Pre-Shipment Finance or Packing Credit
‡ It provides the exporters working capital between the time of the receipt of order and the time of shipment to arrange for production or procurement of goods.‡ Pre-Shipment finance is of particular importance to small-scalemanufacturers and exporters who do not possess sufficientfinancial resources to meet the expenditure involved in theproduction of goods for export.‡ Pre-shipment finance is normally provided by the commercialbanks.

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