Pre-Shipment Finance
Pre-Shipment also referred to as Purchase Order Finance or Packing Credit is working capital finance provided by FAMILY BANK to the exporter / seller prior to shipment or delivery of goods. The finance is mainly required for purposes of procuring raw materials, processing, packing, transporting and warehousing of goods.
Requirements;
- Pre-shipment / Delivery Finance facility or Cash Margin
- Customer’s letter of request
- Purchase Order