Pre-shipment credit in foreign currency: export packing credit drawn in a foreign currency rather than the exporter’s home currency, to fund the purchase of inputs, processing and packing before shipment. The point is that the borrowing and the expected export receipt are denominated the same way, so the loan is typically liquidated out of the export proceeds and the exporter is not left with a mismatch between what it owes and what it will be paid — a natural hedge, and usually cheaper than home-currency working capital because it is priced off an international benchmark. Eligibility, permitted end-uses, maximum tenor, treatment where shipment fails and the pricing margin come from the lending regulator’s framework and the bank’s own facility terms.
Why this entry carries no source list. This is a product category or an official document type rather than a defined term. What it covers or attests is set by the policy wording, the facility terms, or the requirements of the country demanding it — and those differ by insurer, by bank and by jurisdiction. Naming one provider’s brochure as the authority would dress a single firm’s practice as a general rule. Read the wording you are actually being offered.