Schedule of premium rates under SEP/SCR/SRC/ETP Premium rate applicable for the

(Rates in paise per Rs. 100/- of the Gross Invoice value from the date of shipment) shipments made on or after 1st April 2016

STANDARD RATES NO CLAIM BONUS APPLICABLE IS ______ %

POLITICAL OD SIGHT TRANSACTIONS

91-180 181-270 271-360
Country Sight bills 90 days days days days Sight bills
group
A1 5 10 14 18 22 A1 35
A2 14 29 43 55 65 A2 44
B1 21 42 62 79 94 B1 51
B2 23 46 70 88 104 B2 53
C1 26 53 79 100 119 C1 56
C2 30 59 89 112 133 C2 60
D 32 64 96 122 144 D 62

COMPREHENSIVE-NON LC TRANSACTIONS PAYMENTS AGAINST PROOF OF DISPATCH-TT

DA/OD 1- DA/OD 91- DA/OD 181- DA/OD 271-
Country DP/CAD 90 180 270 360 Sight bills
group
A1 23 51 70 96 118 A1 10
A2 33 70 98 133 161 A2 20
B1 39 83 118 157 190 B1 26
B2 42 88 125 166 201 B2 29
C1 45 94 134 179 215 C1 32
C2 48 101 144 191 230 C2 35
D 50 105 151 200 241 D 38

COMPREHENSIVE-LC TRANSACTIONS COMPREHENSIVE-LC TRANSACTIONS WITH

BUYER AS CONSIGNEE (LC-OD)
91-180 181-270 271-360 91-180 181-270 271-360
90 days 90 days
Sight bills days days days Sight bills days days days

A1 10 22 31 42 51 A1 15 32 45 61 75
A2 20 41 60 78 94 A2 25 52 74 98 118
B1 26 54 79 103 123 B1 31 64 93 122 147
B2 29 59 86 112 133 B2 33 69 100 131 158
C1 32 65 96 124 148 C1 37 76 110 143 172
C2 35 72 105 136 162 C2 40 82 119 155 186
D 38 76 113 145 173 D 42 87 126 165 197

DP- Documents against Payment

CAD- Cash Against Documents
DA- Documents against Acceptance
OD Sight- Open Delivery at Sight for shipments made by Air direct to the buyer
LC- Letters of Credit
TT- Payment against proof of shipment received within seven days of the date of shipment (by sea or land) before
arrival of the goods at the port of destination and/or before the documents are handled by the bank.

(Note: For the premium rates against any other payment terms, contact nearest ECGC office)