Export Procedures

EXPORT PAYMENT ARRANGEMENT, RELATED FISCAL CHARGES ON EXPORTS, AND EXPORT PROCEDURES 

In accordance with the Reserve Bank of Fiji export incentive scheme, the trading banks of Fiji offer concessional rates of interest to eligible exports. Approved borrowers may obtain pre-shipment or post-shipment financing or both and also utilise forward exchange cover facilities.

Conditions of Eligibility

Qualified exporters are those who produce or manufacture for export to any destination except, producers of traditional exports, provided they satisfy value added rules. All exporters, irrespective of whether one is a producer-exporter or not, qualify for post-shipment finance facility. Traditional Exports comprise of sugar, molasses, gold, coconut oil, timber, garments, textiles, processed fish and tuna fish.
All non-traditional exports under SPARTECA and MSG agreements qualify.

Financing Facilities
Pre-shipment Finance
This financing covers the period required to bring the products to an exportable stage - to manufacture, process or purchase merchandise and commodities for exports. Pre-shipment finance is available in two forms, one for exports based on pre-arranged contracts and secondly for exports originating from stock.
 

Post-shipment Finance
This covers the period from shipment or despatch of goods to receipt of payment by the exporter.

Forward Exchange Cover
Under this an exporter may arrange to forward cover against any adverse movement in relative exchange value. It is a form of insurance against a loss that might occur through a subsequent change in exchange rates. 
 
A downloadable version of A Guide for Exporters on Export Requirements can be downloaded from this page.