For Packing Credit we have a term and definition in Accounting.

Packing Credit (Accounting)

is any loan or advance granted or any other credit provided by a bank to an exporter for financing the purchaseprocessingmanufacturing or packing of goods prior to shipmenton the basis of letter of credit opened in his favor or in favor of some other personby an overseas buyer or a confirmed and irrevocable order for the export of goods from the producing country or any other evidence of an order for export from that country having been placed on the exporter or some other personunless lodgment of export orders or letter of credit with the bank has been waived.

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