Finance against L/C : Banknet India


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Name :	Ramesh
Subject:	Finance against L/C
Message :	Exporter can claim preshipment finance for export purpose on following conditions A. 1. confirm leter of order. 2. and the exporter are of rupute. then bank may allow preshipment credit based on expoerter credibility. B. 1. Confirm purchase order for export 2. irrevocable letter of credit then the bank must give sanction the preshipment credit unless the reasons is very strong to support the bank decisons of not allowing credit.