Revolving Export Credit Facility

An advance provided to exporters upon presentation of acceptable export documents (before a Bill of Lading).

👥 Purpose: To provide working capital to exporters after goods are shipped but before payment is received.

💼 Key Features:

• • Cannot be availed simultaneously with a Pre-Shipment loan on the same contract.
  • Advance of up to 90% of the document value.
  • Requires submission of documents like an Irrevocable L/C, waybills, and insurance contracts.
  • Must be settled from the export proceeds in foreign currency.