Once a confirmed order and also a letter of credit have been received, the exporter approached his banker for ___.

Registration

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Payment

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Obtaining pre-shipment finance

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None of the above

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Solution

The correct option is C
Obtaining pre-shipment finance

Pre-shipment finance is a finance which the exporter needs to procure raw materials, other components, processing and packaging of goods and transportation of the goods to the port for shipment.

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Similar questions

Which of the following document are not required for obtaining an export license?

(a) IEC number

(b) Letter of credit

(d) Bank account number

Bill of exchange is a document for payment to be received from the exporter.

What is pre-shipment finance?

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