Packing credit
Posted by Ripon Abu Hasnat on Friday, June 13, 2014 | 0 comments
A borrowing
facility provided by a financial institution to help an exporter finance the
costs of buying or making a set of products, and then packing and transporting
them before shipment occurs. A packing credit loan will often be extended if a
letter of credit has been issued by a purchaser of the products that is based
in another country or a confirmed order for exporting the goods exists.
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