Packing Credit

Packing Credit is a short-term pre-shipment financing offered by banks to exporters to fund the purchase, processing, manufacturing, or packing of goods before shipment.

Banks issue packing credit to enable exporters to procure raw materials, process goods, manufacture products, and pack shipments for export operations. This financial support helps exporters manage the time gap and expenses incurred before the final shipment of goods.

Examples of use include financing for purchasing raw materials, funding processing activities, covering manufacturing costs, and paying for packing services.