Post-shipment finances are the finances provided for purchasing, manufacturing, processing, packaging of goods.

True

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False

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Solution

The correct option is B False
Finances provided for purchasing, manufacturing, processing, packaging of goods are the pre-shipment finances. The post shipment finances are suppliers credits, custom duties to be paid , export bills etc.

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Similar questions

___ finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.

Differentiate between the following

(i) Sight and usance drafts

(ii) Bill of lading and airway bill

(iii) Pre-shipment and post-shipment finance

What is pre-shipment finance?

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