Pre-Shipment Finance
Pre-shipment Credit also known as "Packing credit" is a loan/ advance granted to an exporter for financing the purchase, processing, manufacturing or packing of goods prior to shipment.
Features:
- Packing credit in Rupees.
- Running packing credit in Rupees.
- Packing credit in foreign currency.
- Letters of credit/guarantees for procurement of materials for export.
Kindly contact nearest IOB Branch for more details and your requirement.
Post-Shipment Finance
Post-shipment finance is an advance normally granted to an exporter of goods and services after shipment from India, till the date of repatriation of the export proceeds. The advance may be against shipping documents or on the security of duty drawback or export related receivables from Government of India.
Features
- Purchase of export documents under confirmed order.
- Discounting of export documents under L/C or confirmed order.
- Negotiation of documents under L/C.
- Post shipment demand loans against export bills sent for collection.
- Export bills purchase/discounting in foreign currency.
- Advance against export incentive receivables.
Kindly contact nearest IOB Branch for more details and your requirement.
Export Gold Card
Bank will issue Gold cards with line of credit for 3 years to eligible export borrowers having satisfactory track record.
Kindly contact nearest IOB Branch for more details and your requirement.