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TeachMeFinance.com - explain Exporter's credit historic definition... Exporter's credit -- Exporter's credit is given when an exporter is allowed to draw on a dealer in foreign exchange in advance of an actual shipment abroad by him ; when he makes his shipment he discharges his obligation by delivering the draft drawn against the consignee of the property shipped, together with the bill of lading, to the dealer in exchange to whom he is indebted. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.