Pre-Shipment Credit

Start with a confirmed export order or an irrevocable Letter of Credit (LC) from your buyer. This anchors your entire application process.
Foundation step

Talk to your bank or any Authorized Dealer (AD) bank. Share your company profile, funding needs for this specific order, and past export performance.
Bank relationship

Provide IEC, PAN, GST, confirmed order/LC, proforma invoice, RCMC (if quota items), financials, and buyer credit report if order exceeds $25,000.
Documentation heavy

Credit limit is 75–90% of FOB value. For CIF contracts, bank deducts freight (~10%) and insurance (~1%) to calculate the manufacturing value it will fund.
75–90% FOB funded

Receive funds in one go or in stages matching production. Banks may pay suppliers directly or route funds through a dedicated packing credit account.
End-use monitored

Loan self-liquidates from export proceeds. You have 180 days (extendable to 360) to ship & close. EEFC account funds can also be used to repay.
180-day window