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Post Shipment Limit(PSL)

Post Shipment Limit(PSL)

Post Shipment Limit(PSL) is provided to exporters for purchase/discounting/negotiating of foreign sight /Usance bills.

  • Features
  • Eligibility
  • Security
  • Provided to an exporter for purchase/discounting/negotiating of foreign sight /Usance bills.
  • Post Shipment Credit is to be liquidated from the proceeds of export bills in respect of goods exported/services rendered.
  • Eligible limit is Minimum Rs.25 Crores.
  • No margin generally for bills under LC's
  • Period of the facility is upto 12 months
  • Applicant shall be an Exporter
  • All Corporates having turnover of Rs.500 Crores and above.
Primary
  • Document of title to the goods.
 
Collateral
  • Extension of charge over current assets / Fixed Assets
  • Additional tangible security such as immovable properties / bank deposits etc. 
Others
  • Personal guarantee of proprietors / partners / promoters
  • Corporate guarantee 
  • ECGC cover (on a case to case basis).