Export Finance is something which is difficult than other kind of financing in the industry. It's take a long time to get the buyer pay the amount back. Also it demand more efforts to find out the details about the supplier of partner who's receiving the product. A quality export finance service provide the more flexible payment terms easy for buyers to go on with the proposal.
Export finance is a financial assistance which a bank or financial institutions extend to exporter or importer for the export/import. There are some documents required by these institutions for assistance. Export finance is extended at different stages of exports.
Finance institutions or bank grants advances or loans to exporters for assisting in manufacturing, purchasing, processing or packing of goods before the shipment. This is called pre-shipment credit.
Post shipment credit refers to the loans or advances granted by banks or financial institutions to exporters after the date of shipment of products to the date of realization of export proceeds.
Also factoring services are extended by banks and financial institutions to exporters. These services are extended for immediate money, at a discount in exchange. Some resources which provide the information on current exchange rates are-
Many banks provide their own export finance services scheme. Check out the financial scheme offered by ICICI Bank