Post shipment finance

[sonu parsad]

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

AI Summary

Post-Shipment Finance: Charges Vary by Bank, Affected by Customer Credit Rating, No Standardized Rates Available. A user inquired about the process and charges associated with post-shipment finance, specifically regarding the discounting of post-shipment documents under tenor payment terms or sight letters of credit. The response indicated that charges vary between banks, as there are no standardized rates. Additionally, the charges may depend on the customer's credit rating.