Post shipment finance

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DEAR ALL

PLZ ADVISE PROCESS OF POST SHIPMENT FINANCE -

WHAT ARE CHARGES TAKE BY THE BANK TO DISCOUNT THE POST SHIPMENT DOCUMENTS OF TENOR PAYMENT TERMS OR SIGHT LC ???

 

REGARDS,

SONU PARSAD

[CAGOPALJI AGRAWAL]

It depends bank to bank as no uniform rates are prescribed for the same. It depends even on the customers rating.

AI Summary

Post shipment finance charges vary by bank and by customer credit rating, with no uniform prescribed rates. Banks determine charges to discount post shipment documents individually; there are no uniform prescribed rates. Charges vary by bank and depend on the customer's credit rating, bank policy and negotiated facility terms. Applicants should obtain specific quotations and review facility documentation to determine applicable fees and conditions.