Exporters are short of liquidity, while foreign importers do not agree to advance payment, but agree to open a letter of credit.
Packaging loan refers to the bank of the exporting place providing the exporter who has received the qualified letter of credit to purchase, produce and ship the goods under the letter of credit in order to support the exporter to perform the contract and ship the goods on time. special loans. Packaging loan is a kind of short-term financing before shipment, which allows exporters to handle procurement, material preparation, processing and smoothly carry out trade even if their own funds are insufficient.