Export Finance​

ICICI Bank's Pre-shipment Finance covers funds provided for purchasing, processing, manufacturing or packing of goods meant for export or funds provided for meeting expenses for rendering of services. ICICI Bank provides Pre-shipment Finance both in INR (EPC) and foreign currency (PCFC). Additionally, the Insta EPC (Export Packing Credit) facility offers instant/real-time disbursement of packing credit into your operative account.

Advantages

• Quick disbursement of packing credit (INR) in a matter of minutes under Insta EPC facility
• Quick repayment, no pre-payment penalty within 30 days for PCFC & interest servicing from EEFC Account for PCFC 
• Updates on transactions available 
• Trigger based notifications on due dates and important compliance matters

Post-shipment Finance, including Export Bill Discounting, spans from credit extension after shipment until realisation of export proceeds against ICICI Bank's sanctioned credit limits. ICICI Bank promptly pays the discounted invoice value upon shipment, offering comparable rates in both INR and foreign currency, coupled with excellent service standards.

Advantages

• Swift online lodgement of export bills, eliminating the need to visit a branch
• Internationally comparable rates
• Updated on transaction available online

ICICI Bank offers a discounting facility for export bills drawn under Letters of Credit, subject to compliance with Letter of Credit conditions and sufficient credit lines with the LC issuing bank. Negotiating under LC is simple compared to obtaining regular working capital limits. This facility is provided in addition to the sanctioned working capital limits with ICICI Bank.

Advantages

• Leverage ICICI Bank's extensive global credit coverage
• No collateral or security needed and without recourse to exports
• Improve cash flows by converting receivables to cash instantly
• Attractive for international buyers
• Mitigate risks from country and exchange perspectives

LC confirmation is a commitment from the confirming bank to pay the negotiating bank or beneficiary without recourse, if documents align with LC terms. This commitment complements the undertaking from the issuing bank, reinforcing confidence in payment security and adherence to LC conditions.

Advantages

• Mitigate credit risk, foreign bank risk and country risks in your export transactions
• Assured payment upon presentation of non-discrepant documents
• Independence from LC issuing bank's non-payment concerns

Export Factoring enhances cash flows and secures debts by discounting export receivables. This financial tool is pivotal for businesses, progressively employed to streamline working capital funding and optimise supply chain efficiency. Leveraging Export Factoring proves beneficial for sustainable financial management in the dynamic landscape of international trade.

Advantages

• Streamline your receivables management efficiently
• Transfer credit risk of the importer to the factor, to safeguard your business
• Enjoy the advantage of upfront discounting on your receivables, thereby optimising cash flow
• Benefit from the flexibility of Export Factoring without the need for collaterals or security

ICICI Bank's pre-shipment finance covers finance provided for purchasing, processing, manufacturing, or packing of goods meant for exports or finance provided for meeting expenses for rendering of services

ICICI Bank provides pre shipment finance both in INR (EPC) as well as in foreign currency (PCFC) at internationally comparable rates.

Yes. Once your credit limit is disbursed by the bank , you need to submit purchase orders (PO) or letter credit (LC) received from foreign party/ bank

No.It is compulsory only for borrowers who have sanctioned order based facility. For running account customers PO or LC can be submitted to the bank within 30 days from the date of drawal or disbursement of packing credit.

Under Insta EPC facility offered by ICICI bank, drawal or disbursement of packing credit (INR) is instant.

No. You can submit the request online or from your mobile phone without visiting branch

Unlike traditional loans, these are typically non-debt, off-balance sheet solutions. They help unlock cash tied up in invoices, improve liquidity, and reduce buyer credit risk, making supply chains more resilient.

Corporates can get in touch with their ICICI Bank relationship manager to discuss suitable structures. Onboarding and agreements are streamlined and digital, ensuring quick turnaround with minimal paperwork.

*Subject to buyer’s internal policies/auditor’s interpretation.