Sunday, 20 July 2014

Exim Bank

Government or semi-government agency which commonly provides insurance cover to exporters against losses from non-payment by the importers, as a means to promote the country's foreign trade.

Other 
services offered by EXIM banks may include 

(1) marine insurance
(2) post-shipment discounting of invoices
(3) pre-shipment advances against confirmed orders, and 
(4) help in finding newmarkets.

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