Suggestions:
Packing credit is basically a loan provided to exporters or sellers to Finance the goods’ procurement before shipment. The bank will make the funds available to a letter of credit issued favouring the seller and a confirmed order for selling the goods or services. There is provision to define the packing credit master in system.
Yes, System accepts the packing credit reference. Users are allowed to enter the reference number in the EPC tab along with the amount receipt.
The bank issuing the packing credit Packing Credit will usually advance the partial or full proportion of the invoice, depending on the assumed risk.