Packing credit

Packing credit,

Definition of Packing credit:

  1. A borrowing facility provided by a financial institution to help an exporter finance the costs of buying or making a set of products, and then packing and transporting them before shipment occurs. A packing credit loan will often be extended if a letter of credit has been issued by a purchaser of the products that is based in another country or a confirmed order for exporting the goods exists.

Meaning of Packing credit & Packing credit Definition