Pre-Shipment Export Credit Facility

Pre-Shipment Export Credit Facility is a short-term, one time or revolving loan facilities extended for the purchase of export materials, processing and converting into finished goods, warehousing, packing, and transporting the goods until the time of shipment, upon presentation of valid sales contract and irrevocable export letters of credit or otherwise depending on relationship and credit history.

Coopbank provides four types of pre-shipment export credit facilities:

1. Against Development Bank of Ethiopia (DBE’s) guarantee.
2. On a clean basis against Export Letter of Credit.
3. On a clean basis against Export Sales Contracts; and