Product Name

Pre-Shipment Financing

 

Product Description

Pre-Shipment Financing (“PSF”) provides short term working capital financing to customer (inclusive but not limited to exporter/seller/trader/manufacturer) for purchasing of relevant raw materials for further processing, fabricating, packing, transportation, warehousing, etc. prior ready the goods for sales under export order(s) and/or domestic sales order(s). 

 

Product Features

Customer submits the confirmed export order(s) and/or domestic sales order(s) that are acceptable by the Bank for PSF loan drawdown request. The Bank drawdowns the PSF loan proceeds according to the submitted confirmed export order(s) and/or domestic sales order(s) that are accepted by the Bank.  Thereafter, customer is required to submit the trade documents under the relevant export order(s) and/or domestic sales order(s) to the Bank after goods delivered/shipped and the relevant export proceeds and/or domestic sales proceeds will be the primary source of repayment to liquidate the PSF loan. 

 

Customer Suitability

PSF is able to close the gap of the working capital requirement for business expansion purposes. Customer inclusive exporter/seller/trader/manufacturer, etc. who requires short term trade working capital financing to prior ready the goods under the confirmed export order(s) and/or domestic sales order(s) are suitable to apply PSF. 

 

Application Requirement

 

Customer is obliged to submit formal request together with documents that are required by the Bank for PSF application request.

 

 

 

Terms and Conditions apply.  Availability of the facilities is subject to the Bank’s approval.

 

 

Please contact 03-2387 8277 / 8235 or email to TB_Dept@bankofchina.com.my for further inquiries.