Scribd Logo
Upload

Welcome to Scribd!

  • 30 views

    Saloni Choudhary - Seafood Exports - ICICI Presentation

    Uploaded by

    Trilok Ashpal
    This document provides an overview of ICICI Bank's summer internship project in transaction banking focusing on opportunities in India's seafood export industry. It discusses key concepts like exports, imports and the parties involved. It outlines India's seafood production and major export ports/products. It also examines the facilities banks provide exporters like working capital, export credit at pre-shipment and post-shipment stages. Finally, it introduces ICICI Bank's digital trade platform called TradeMerge which assists exporters and importers with services such as finding buyers/sellers, documentation, logistics, market intelligence, and financial services.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Saloni Choudhary - Seafood Exports - ICICI Presentation

    Uploaded by

    Trilok Ashpal
    30 views24 pages
    This document provides an overview of ICICI Bank's summer internship project in transaction banking focusing on opportunities in India's seafood export industry. It discusses key concepts like exports, imports and the parties involved. It outlines India's seafood production and major export ports/products. It also examines the facilities banks provide exporters like working capital, export credit at pre-shipment and post-shipment stages. Finally, it introduces ICICI Bank's digital trade platform called TradeMerge which assists exporters and importers with services such as finding buyers/sellers, documentation, logistics, market intelligence, and financial services.

    Original Title

    Saloni Choudhary_Seafood Exports_ICICI presentation

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides an overview of ICICI Bank's summer internship project in transaction banking focusing on opportunities in India's seafood export industry. It discusses key concepts like exports, imports and the parties involved. It outlines India's seafood production and major export ports/products. It also examines the facilities banks provide exporters like working capital, export credit at pre-shipment and post-shipment stages. Finally, it introduces ICICI Bank's digital trade platform called TradeMerge which assists exporters and importers with services such as finding buyers/sellers, documentation, logistics, market intelligence, and financial services.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views24 pages

    Saloni Choudhary - Seafood Exports - ICICI Presentation

    Uploaded by

    Trilok Ashpal
    This document provides an overview of ICICI Bank's summer internship project in transaction banking focusing on opportunities in India's seafood export industry. It discusses key concepts like exports, imports and the parties involved. It outlines India's seafood production and major export ports/products. It also examines the facilities banks provide exporters like working capital, export credit at pre-shipment and post-shipment stages. Finally, it introduces ICICI Bank's digital trade platform called TradeMerge which assists exporters and importers with services such as finding buyers/sellers, documentation, logistics, market intelligence, and financial services.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 24

    ICICI BANK

    SUMMER INTERNSHIP PROJECT

    BUSINESS GROUP: TRANSACTION BANKING

    PROJECT TITLE:
    SEAFOOD EXPORTS: BANKING OPPORTUNITIES

    Under Guidance of: Presented by:


    Mr. Suman Das Saloni Choudhary
    & NMIMS, Navi Mumbai
    Mr. Saptarshi Dhar
    OVERVIEW
    1. UNDERSTA N D I N G E X P O R T A N D IMPORT
    What is Export?
    Exports are goods and services that are produced in one country and sold to buyers in another country.
    Exports, along with imports, make up international trade.
    What is Import?
    Imports are goods and services purchased from countries abroad to utilize in the customer’s home country.
    Importing helps a country diversify the product options in its market for the consumers and cater to most consumer needs.
    If a country imports much more than exports, it is said to be in a trade deficit.
    Parties Involved in Exports & Imports Transactions

    LETTER OF CREDIT

    Importer
    LC APPLICATION PURCHASE ORDER
    Exporter
    SHIPPING DOCUMENTS

    IMPORTER LC NOTIFICATION EXPORTER


    Banks
    SHIPPING DOCUMENTS IMPORTER EXPORTER
    BANK PAYMENT DISCOUNTED BANK Insurance Companies
    VALUE OF BE
    PAYMENT OF LC SHIPPING GOODS Shipping Companies
    Custom Authorities
    Port Authorities
    PAYMENT DISCOUNTED
    RATE OF BE Custom House Agents
    Freight Forwarder
    2. UNDERSTANDING THE EXPORT MARKET OF INDIA
    Why Government of India Promotes Export Business?
    India is still a developing country, ranking 15th among the world’s exporting nations.
    The government of India is promoting exports to generate revenue in foreign markets and establish a global position.
    The government is promoting exports with various schemes
    Major Export Goods / Services from India
    3. THE SEAFOOD EXPORT INDUSTRY OF INDIA
    Total Seafood Production in India & Exports:
    Major Seafood Ports & Products in India
    Major Seafood Import Countries
    GLOBAL IMPORT VOLUMES IMPORT VOLUMES FROM INDIA
    Opportunities in Indian Seafood Industry
    4. BANKING OPPORTUNITIES IN SEAFOOD INDUSTRY
    FACILITIES PROVIDED BY BANK TO EXPORTERS

    WORKING CAPITAL FACILITIES


    All Scheduled Commercial Banks in India are ready to provide additional banking facilities, apart from traditional transactions, to its export
    clients by providing all kinds of financial and non-financial support owing to the proceeding growth of the industry
    Few such facilities are:

    A- Fund Based Credits


    Cash Credit for Manufacturers / Traders / Service
    Providers / Transporters
    Overdraft – Clean and Secured
    Finance for Inland Bill Purchase & Bill Discounting
    PRICE

    B. Non Fund Based


    DiscountsFinance & Credits:
    Letters ofAllowance
    Credit
    Payments Term
    Bank Guarantees ( Performance / Financial)
    Suppliers Credit Inland- Import and Export
    Buyer’s Credit Inland- Import and Export
    FACILITIES PROVIDED BY BANK TO EXPORTER
    EXPORT CREDIT
    Export Credit Facility provided by the banks to help exporter finance the cost of buying and transporting till the realization of the
    proceeds.
    Specific credit limits sanctioned to facilitate trade transactions
    Banks extend export credits to their customers in 2 stages:

    PRE-SHIPMENT STAGE:

    Pre-shipment finance refers to the


    credit extended to exporters prior to the
    shipment of goods for the execution of
    export order.

    POST-SHIPMENT STAGE

    It refers to the credit extended to the exporters after the shipment of goods for meeting working capital requirement.
    It is extended in the following forms: Extended Packing Credit Loan; Secured Shipping Loan, Discounting of export bills ,Against
    undrawn balances ,Against retention money ;Against goods on consignment
    Open Account

    Cash in Advance
    Documentary collection

    Cash Against Documents

    Document Against
    Acceptance
    Letter of Credit
    DIGI -TRADE PLATFORM B Y ICICI B A N K

    T R A D E E M E RG E

    Business Assistance services like providing RCM C


    (Registration Cum Membership Certificate), I EC (Import and
    Export Code), Trade License and GST registration.

    The “Knowledge Hub” section of the platform provides integral information


    services like product details on any export-import products (HSC codes,
    taxes, benefits and policy conditions) and all about regulatory organisations
    pertaining to the customer’s specific trade. It also provides notifications on
    any recent changes in regulations pertaining to the specific trade.
    DIGI -TRADE PLATFORM B Y ICICI B A N K
    T R A D E E M E RG E

    The “Market Intelligence” section The logistic services The platform also has extensive
    of the platform allows you to find provided on the platform financial services like digital
    entail shipment planning, banking services, Forex services,
    buyers (importers) and sellers
    corporate tax payments and
    (exporters) worldwide and quoting and tracking.
    insurance services.
    country wise.
    SUGGESTIONS
    •Separate “Importer section” and a separate “Exporter section” on the website and listing the
    respective documentation, financial, logistic and business assistance services, information, news,
    etc. under them can further improve user experience.
    •Digital advertisements on various forex blogs like cogoport.com, exportgenius.com, etc. to reach
    beginners and new exporters/importers.
    • Adding “Forex” section to the I C I C I blogs
    •Direct Contact to registered exporters and importers to provide various banking services as per
    their need.
    THANK YOU

    You might also like