Arrange the procedure followed for disbursement of export credit in a sequence from the first to the last

A. The bank relapses the funds debiting to the packing credit amount and credit to the exporter’s account

B. The bank calculates the amount of packing credit to be granted

C. The exported would be required to send the goods through approved transport and forwarding agency

D. The exporter is required to take adequate insurance

E. Submit evidence of export

Choose the correct answer from the options given below

Correct option is D

e.  Submit evidence of export: The exporter needs to provide documentation or evidence to prove that the goods have been exported. This can include shipping documents, customs clearance certificates, or any other relevant proof. b.  The bank calculates the amount of packing credit to be granted: The bank assesses the amount of credit to be provided to the exporter for the packing and shipment of the goods. This calculation is based on factors such as the value of the goods, the creditworthiness of the exporter, and any applicable regulations or policies. a.  The bank releases the funds debiting the packing credit amount and crediting the exporter's account: Once the packing credit amount is determined, the bank disburses the funds to the exporter. The bank debits the packing credit amount from the exporter's credit line and credits the funds to the exporter's account. c.  The exporter would be required to send the goods through approved transport and forwarding agency: The exporter is responsible for arranging the transportation of the goods to the buyer. They need to engage approved transport and forwarding agencies to ensure the safe and timely delivery of the goods. d.  The exporter is required to take adequate insurance: To protect against any potential loss or damage during transit, the exporter is required to obtain appropriate insurance coverage for the goods. This insurance provides financial protection in case of any unforeseen incidents.