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.
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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