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Buyers Credit

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what is buyers credit and it befit
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  Sanjay.S.ParmarRoll No. 25 Buyers Credit  Bank Credit  Bank are important source of foreign tradefinances.   Different forms of credit are: - 1.Pre-shipment credit2.Post-shipment credit3.Credit under duty draw- back scheme4.Medium- term credit  Suppliers credit  Buyers credit  What is Buyers Credit  A financing provided to a buyer to pay for thesupply of goods or services usually by anexporting country or by the supplier companyis term as buyers credit.  Buyer's credit is the credit availed to anImporter (Buyer) from overseas Lenders i.e.Banks and Financial Institutions for payment of his Imports on due date.  Buyers credit involves importer making full payment to the exporter immediately and getting deferred-payment facilities from theexporters bank    Cont…   The overseas Banks usually lend the Importer(Buyer) based on the letter of Credit (a BankGuarantee) issued by the Importers (Buyer's)Bank.   The loan does not involve transfer of funds fromthe suppliers country to the buyers countrythe exporter may obtain the payments directlyfrom the financial institution on presentation of the relevant export documents

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