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18 February, 2022

Packing Credit

 Packing credit is one of the best financial assistance by bank to promote the export trade that helps exporter finance the cost of buying or making a set of products, and then packing and transporting them before shipment occurs. It will often be extended if a letter of credit has been issued by a purchaser in another country or a confirmed order for exporting the goods exists. To obtain packing credit, the exporter has to approach the bank with export order. Bank official visits the exporter’s factory and assess the goods value with export order.