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Difference between Pre-shipment & post-shipment documents in case of export as under
Pre-shipment Documents which are prepared before shipement i.e. Export order, Invoice, P/list, Product catalogue/ Literature/Drawings etc. SDF, Value declaration, any other declaratin given to customs
Post- Shipment Documents which are prepared affter shipment means sailing of the cargo i.e. Bill of lading , Certificate of Origin, legalise documents etc. Insurance cerificate in case of terms of delivery CIF or C&I
Documents is received by the overseas party in export consingment i.e. Invoice , P/list,Product catalogue/ Literature/Drawings etc; Bill of lading , Certificate of Origin, legalise documents etc.;Insurance cerificate in case of terms of delivery CIF or C&I
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What is the difference between pre shipment and post shipment?
The main difference between pre-shipment and post-shipment activities lies in the timing of their execution in the logistics process. Pre-shipment refers to the tasks and preparations that take place before a shipment leaves the origin, such as documentation, packaging, and arranging transportation. Post-shipment, on the other hand, involves activities that occur after the shipment has been dispatched, including tracking, customs clearance, and delivery to the destination. Global Logistics Alliance, like many freight management companies, handles both pre-shipment and post-shipment operations to ensure a smooth and efficient logistics process for their clients.
What are the types of pre shipment and post shipment incentives?
There are many incentives that can be used. You can give promotions, offer discounts, or even freebies to those who purchase the products.
Where to collect my shipment?
Like for example,your shipment will be mailed to a post office and you will be notified to go collect it.Don't worry the shipment/parcel should be dropped at the nearest post office.This should happen...
What is mean by preshipement and post shipment finance?
post shipment finance :- Post-shipment finance is a loan or advance granted by a bank to an exporter of goods from India. This facility is available to an exporter subsequent to the date of shipment of goods upto the date of realisation of export proceeds.pre shipment finance :- any loan to an exporter for financing the purchase, processing, manufacturing on packing of goods.
What is export packing credit?
Export Packing Credit.industry used term - EPC RATESThis is a fluctuating rates linked with LIBOR (London Inter Bank offered Rates)In international trading, both the parties are not aware of each other, hence, they employ a world-renowned bank (globally) because they do not trust each other & deal through that bank instead.Export Packing Credit are of 2 forms1. Pre-shipment Credit (Packing Credit)2. Post-Shipment CreditThese are available to the exporters, for financing purchase, processing, manufacturing or packing of goods prior to shipment.This would mean any loan or advance extended to you by the bank on the basis of:a) Letter of Credit opened in your favor or in favor of some other person, by an overseas buyer;b) a confirmed and irrevocable order for the export of goods from India;c) any other evidence of an order or export from India having been placed on the exporter or some other person, unless lodgement of export order or Letter of Credit with the bank has been waived.Packing Credit is granted for a period depending upon the circumstances of the individual case, such as the time required for procuring, manufacturing or processing (where necessary) and shipping the relative goods. Packing credit is released in one lump sum or in stages, as per the requirement for executing the orders/LC.The pre-shipment / packing credit granted has to be liquidated out of the proceeds of the bill dawn for the exported commodities, once the bill is purchased/discounted etc., thereby converting pre-shipment credit into post-shipment credit.Post Shipment Packing CreditIt runs from the date of extending credit, after shipment of goods to the date of realization of export proceeds and includes any loan / advance granted on the security of any duty drawback allowed by the Govt. from time to time. Post-shipment credit has to be liquidated by the proceeds of export bills received from abroad in respect of goods exported.The exporter has the following options at post-shipment stage:i. To get export bills purchased /discounted / negotiated;ii. To get advances against bills for collection;iii. To receive advances against duty drawback receivable from Govt.The exporter has the option to avail of pre-shipment and post-shipment credit either in rupee or in foreign currency. However, if the pre-shipment credit has been availed in foreign currency, the post-shipment credit has necessarily to be under EBR Scheme since foreign currency pre-shipment credit has to be liquidated in foreign currency. The details of pre-shipment and post-shipment credit in foreign currency are mentioned below.
What are the goals of export officer in banking sector?
Documents deposit for collection/negotiation/purchase against limit. You can take pre shipment finance for execution behalf of evidence. You can take post shipment finance against export proof. After remittances we can take brc for depb post export basis for incentives. To Open LC. jamil ahmad
What are procedure of post shipment documention?
fill forms
What is pre shipment finance?
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.
Difference between preshipment postshipment in export documentation?
Pre - shipment documentation Document prepared to get the shipment customs cleared Post shipment documentation Are the documents which arehanded over to bank for the payment , and buyer bank handover the same to buyer, which contain b/L ie bill of lading, and on the basis of this goods are release If u want to know more contact me on my email id ie friendofmine@ibibo.com or call me on 27843242/44, thanks Vijay Pre - shipment documentation Document prepared to get the shipment customs cleared Post shipment documentation Are the documents which arehanded over to bank for the payment , and buyer bank handover the same to buyer, which contain b/L ie bill of lading, and on the basis of this goods are release If u want to know more contact me on my email id ie friendofmine@ibibo.com or call me on 27843242/44, thanks Vijay
In a transferable letter of credit Can the requirement for a pre-shipment inspection and security label be deleted?
NO
What is post and pre issue capital?
Post and pre issue capital is one thing. It is capital and post money.
What is pre sale and post sale?
In the context pre means before and post means after
