ECGC-POLICIES

2 messages

Arun Gharat <arunbalajigharat@gmail.com> Thu, Feb 15, 2018 at 8:57 AM

To: Sunil Dhuri <dhurisunil118@gmail.com>
Cc: dhurisy@canarabank.com

Export Credit Insurance ECGC-POLICIES

Export credit insurance (ECI) protects an exporter of products and services against the risk
of non-payment by a foreign buyer, generally covers commercial risks (such as insolvency
of the buyer, bankruptcy, or protracted defaults) and certain political risks (such as war,
terrorism, riots, and revolution) that could result in non-payment
 
The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a
company wholly owned by the Government of India provides export credit insurance
support to Indian exporters and offers either on a single-buyer basis or on a   multi-buyer
 basis  policies.

ECGC does not cover physical loss or damage to the goods shipped to the buyer, or any of
the risks for which coverage is available through marine, fire, casualty or other forms of 
insurance.

Exporters assume the risk of the uncovered portion of the loss and their claims may be
denied in case of non-compliance with requirements, terms and conditions specified in
the  policy.

Short-term ECGC policies generaly provides 90 to 95 percent coverage against commercial

and political risks that result in buyer payment defaults.

--

Regards
A.B.Gharat

<dhurisunil118@gmail.com> Sun, Feb 18, 2018 at 11:31 AM

To: Arun Gharat <arunbalajigharat@gmail.com>
Cc: DHURI S Y <dhurisy@canarabank.com>

Thanks a lot. 

On Feb 15, 2018 8:57 AM, "Arun Gharat" <arunbalajigharat@gmail.com> wrote:

Export Credit Insurance ECGC-POLICIES

Export credit insurance (ECI) protects an exporter of products and services against the
risk of non-payment by a foreign buyer, generally covers commercial risks (such as
insolvency of the buyer, bankruptcy, or protracted defaults) and certain political risks
(such as war, terrorism, riots, and revolution) that could result in non-payment
 
The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a
company wholly owned by the Government of India provides export credit insurance
support to Indian exporters and offers either on a single-buyer basis or on a  multi-buyer
 basis  policies.

ECGC does not cover physical loss or damage to the goods shipped to the buyer, or any of
the risks for which coverage is available through marine, fire, casualty or other forms of 
insurance.

Exporters assume the risk of the uncovered portion of the loss and their claims may be
denied in case of non-compliance with requirements, terms and conditions specified
in the  policy.

Short-term ECGC policies generaly provides 90 to 95 percent coverage against commercial

and political risks that result in buyer payment defaults.

--

Regards
A.B.Gharat