Exporter is a person or a company authorized by government agency to move the goods out of the border of a country. The value of goods is received from the overseas buyer by the exporter, as he is considered the seller of goods. The exporter receives export order against goods to be exported.
Also known as a loan or credit facility agreement or facility letter.An agreement or letter in which a lender (usually a bank or other financial institution) sets out the terms and conditions (including the conditions precedent) on which it is prepared to make a loan facility available to a borrower. The loan facility is typically a Term Loan, Pre Shipment Finance or overdraft. A facility agreement may contain more than one loan facility.
Preparation of Own Documents As per the regulations and requirement of the Letter of Credit Received, by an Professional Trade Finance Team. Helps Exporter to avoid Discrepancy Fee and unnecessary Disputes on the Documents presented for Payment. This helps business to get payment on Time and to reduce unwarranted Cost.
Discounting of Letter of Credit is a short-term credit facility provided by the bank to the beneficiary. Bank purchases the documents or bills of the Seller (beneficiary) after he fulfills certain compliances and provides the required documents to be dispatched to LC opening bank. On meeting these compliances as per the LC terms, the bank makes him/ her the payment for a security or a fee.
Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. ... Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. This Facility comes as “With Recourse” or “Without Recourse”.