Office policies by Export Credit Guarantee Corporation of India
Shipments Comprehensive Risks Policy (SCR)
An Exporter Whose Annual Export Turnover Is More Than Rs.500 Lakhs Is Eligible For This Policy.This Is A Standard Wholeturnover Policy Wherein All Shipments Are Required To Be Covered Under The Policy
Branch-Wise Packing Credit Cover In Respect Of One Or More Of Its Exporter Clients Who Has Been Classified As A Standard Asset And Whose Credit Rating Is Acceptable To ECGC.
The Small Exporter's Policy Is Basically The Standard Policy, Incorporating Certain Improvements In Terms Of Cover, In Order To Encourage Small Exporters To Obtain And Operate The Policy.
The Banks Intending To Seek ECIB (SC-AP/APP) Cover For An Exporter Client Should Have Sanctioned Certain Working Capital Limit Facilities For Export In Favour Of Their Exporter Client.
Option To Exclude, Govt. Cos., Advances To Associates, Units In OBU And L/Cs Under The Cover. Submission Of A Single Proposal For All Accounts To Be Covered.
Post-Shipment Finance To The Exporter By Way Of Purchase, Negotiation Or Discount Of Export Bills After The Shipment Has Been Affected Pertaining To A Particular Project.
Export Credit Insurance For Banks Surety Cover (ECIB-SC)
The ECIB (SC) Which Is In The Nature Of Indemnity To The Bank Is Issued To Protect The Bank Against Losses That It May Suffer On Account Of Guarantees Given By It On Behalf Of Exporters.
ECIB- Medium And Long Term Individual Packing Credit - (INPC)
The Cover Provides Protection To The Banks Against Losses Suffered On Account Of Nonpayment Of Advances/Credit Facilities Due To Insolvency And/ Or Default Of The Borrower Exporter.
ECIB- Medium And Long Term Individual Post Shipment - (INPS)
Any Bank Or Financial Institution Who Is An Authorized Dealer In Foreign Exchange That Provides Post-Shipment Finance To The Exporter By Way Of Purchase, Negotiation Or Discount Of Export Bills.
Export Factoring Facility : ECGC Limited (Formerly Known As Export Credit Guarantee Corporation Of India Limited), Is Now Offering Export Factoring Facility For Micro Small & Medium Enterprises.
Buyer's Credit Is A Credit Extended By A Bank In India To An Overseas Buyer Enabling The Buyer To Pay For Machinery And Equipment That He May Be Importing From India For A Specific Project.
A Line Of Credit Is A Credit Extended By A Bank In India To An Overseas Bank, Institution Or Government For The Purpose Of Facilitating Import Of A Variety Of Listed Goods From India.
Any Investment Made By Way Of Equity Capital Or Untied Loan For The Purpose Of Setting Up Or Expansion Of Overseas Projects Will Be Eligible For Cover Under Investment Insurance.
National Export Insurance Account (NEIA) Has Been Set Up By The Government Of India To Facilitate Medium And Long-Term Exports, Which Are Commercially Viable, Considering The Limitations Of The ECGC.
The Customer Specific Policies Have Been Introduced And Are Issued To Large Exporters On A Selective Basis On The Merits Respective Requests For Such Cover.
These Policies Can Be Availed Of By Exporters Who Do Not Hold Any Of The Standard Policy/Whole Turnover Policy Or By An Exporter Having A Standard Policy,
The Buyer Exposure Policy Is To Insure Exporters Having A Large Number Of Shipments To A Particular Buyer With Simplified Procedure And Rationalized Premium.
IT-Enabled Services (Single Customer) Policy Would Be Given In Respect Of Contracts For Rendering Service During A Defined Period With Billing On The Basis Of Service Rendered During A Period.
The Standard Policy Is A Whole Turnover Policy Designed To Provide A Continuing Insurance For The Regular Flow Of An Exporterã¢Â‚¬Â„¢S Shipments For Which Credit Period Does Not Exceed 180 Days.
Specific Services Policy, As Its Name Indicates, Is Issued To Cover A Single Specified Contract. It Is Issued To Provide Cover For Contracts, Which Are Large In Value And Extend Over A Relatively Long
ECIE-Medium & Long Term Specific Shipment Policy - (SSP)
Specific Shipments Policy Can Be Obtained By Exporters That Have Secured Contract For Supply Of Capital Goods Such As Machinery Or Equipment's On Deferred Terms Of Payment.
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