Skip to main content

Posts

Export Pre Shipment and Post Shipment Finance in International Trade

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance is to enable exporter to: Procure raw materials. Carry out manufacturing process. Provide a secure warehouse for goods and raw materials. Process and pack the goods. Ship the goods to the buyers. Meet other financial cost of the business. Types of Pre Shipment Finance Packing Credit Advance against Cheques/Draft etc. representing Advance Payments. Preshipment finance is extended in the following forms : Packing Credit in Indian Rupee Packing Credit in Foreign Currency (PCFC) Requirment for Getting Packing Credit This facility is provided to an exporter who satisfies the following criteria A ten digit importerexporter code number allotted by DGFT. Exporter should not be in the caution list of RBI. If the goods to be exported are not under OGL (Open General Licence), the expo
Post a Comment
Read more
Recent posts

Brass: Protecting the Viability of the Scrap Stream

Free-machining brasses  Brass is a metal alloy made of copper and zinc. The presence of other elements in brass such as lead is often required to improve machinability. The superior machinability of brass is ideal for producing parts that are used in a variety of applications including valves, fittings and electrical components. The most commonly used, free-machining brass is UNS alloy C36000. In some applications such as potable water systems, federal and state regulations restrict the use of lead. This may require the specification of low or lead-free brasses. Some lead-free brasses rely on elements other than lead to improve machinability and other properties such as strength, hardness and corrosion resistance. The importance of scrap  The entire economy of the brass industry is dependent on the economic recycling of surplus material, or scrap. Brass for extrusion and hot forging is normally made from a basic melt of scrap of similar composition adjusted as requ
Post a Comment
Read more

7 and a Half Very Simple Things You Can Do To Save EXPORT POST SHIPMENT FINANCE

Introduction Post Shipment Finance is a kind of loan provided by a financial institution to an exporter or seller against a shipment that has already been made. This type of export finance is granted from the date of extending the credit after shipment of the goods to the realization date of the exporter proceeds. Exporters don’t wait for the importer to deposit the funds. Basic Features The features of Post-shipment finance are: 1) Purpose of Finance : Post-shipment finance is meant to finance export sales receivable after the date of shipment of goods to the date of realization of exports proceeds. In cases of deemed exports, it is extended to finance receivable against supplies made to designated agencies. 2) Basis of Finance : Post-shipment finances is provided against evidence of shipment of goods or supplies made to the importer or seller or any other designated agency. 3) Types of Finance : Post-shipment finance can be secured or unsecured. Since the finance
Post a Comment
Read more

Ceramic Tiles Market to be worth of US$ 1.8 Bn By 2017-2022

Tiles find wide-ranging applications in the construction sector.  They are used for covering floors, roofs, walls, and table tops of buildings.  The function of such tiles varies from providing protection and durability to enhance the aesthetic appeal of walls and buildings.  Tiles are made using various materials such as stone, metal, ceramic, and glass.  Tiles made from ceramic materials are referred to as ceramic tiles and find extensive applications in the construction business.  Based on application, ceramic tiles can be classified into floor tiles, wall tiles, industrial tiles, and vitrified or porcelain tiles.  Ceramic tiles are lightweight, corrosion-resistant, durable, they show consistency in color and easy to maintain.  These properties make them a much preferred option for use in the construction industry, which is driving the India ceramic tiles market.  Moreover, ceramic tiles are used to decorate homes.  This can present several opportunities in th
Post a Comment
Read more

China Scrap Imports Decline After Tariffs On US Shipments: All the Stats, Facts, and Data You'll Ever Need to Know

Rubicon Global, Atlanta, a provider of waste, recycling and smart city solutions to businesses and governments, plans to add smart city and sustainability expertise to both its board of directors and its advisory board.  Former Indianapolis Mayor Stephen Goldsmith joined Rubicon’s board of directors and former Philadelphia Mayor Michael Nutter joined Rubicon’s advisory board. Both roles are effective immediately. According to a Rubicon news release, the former mayors will work with the company’s executive leadership team in advisory roles, specifically around technology adoption and the growth of Rubicon’s smart city offering.  The company says its RUBICONSmartCity platform provides waste, recycling and community infrastructure data that enables cities to reduce operating expenses, divert waste from landfills, implement and improve recycling programs, track metrics and work toward long-term sustainability goals. Nate Morris, Rubicon Global’s chairman and CEO, says in
Post a Comment
Read more