Sagar Umap

Presented By

Established 30 JULY 1957

Ownership GOVERNMENT OF INDIA

Business EXPORT CREDIT INSURANCE

Role EXPORT PROMOTION

Capital – PAID UP Rs.1000

crore

Capital – AUTHORISED Rs.1000 crore

BRANCHES ACROSS INDIA 54

ECGC of India Ltd.

Credit risk insurance organization

Cost effective insurance and trade related services

Registered with IRDA on 27/9/2002

ECGC’s serve need of Exporters and Commercial Banks.

Cycle

Commercial Risk

Buyer Risks

a) Insolvency

b) Protracted default

c) Failure to accept the goods

LC opening Bank Risks

a) Protracted default

b) Insolvency

Policies – Risks Covered

Political Risks

• War, Civil War & Internal Disturbances in the buyer’s country

• Delay in the transfer of payment

• Shipment Diversion

• Import Restriction

• Cause beyond the control of the exporter and buyer

Policies – Risks Covered

Services Offered By ECGC

Exporter

Short Term Medium-term

Banks

Short Term Medium Term

Special Scheme

Buyer Credit Cover

Line Credit

Transfer Guarantee

Overseas Investment Ins.

Customer Specific Cover

Exporter

Short Term

Turnover Basis

Small Expo

Specific Shipment

Export Turnover

Services

Consignment

Shipment Comp Risk

Exp. Specific Buyer

Exposure Basis

Buyer Expo

IT Enable

Small & Medium

Software Project

Medium Term

Construction Work

S.P. For Supply Contract

Spec. Shipment

Spe. Contract

L.C Credit Information Cover

Banks

Short Term

Pre Shipment

Post Shipment

Export Performance

Medium Term

Individual Packing Credit

Ind.Post Ship

Expo. Performance

Expo. Finance

ECEB Cash Flow Finance

Sr. No

Types of Policy Risk Covered Period

Comm. Political

1 Standard Policy 90% 90% 24 month

2 Small Exporters Policy 95 % 100% 12 month

3 Specific Shipment Policy-Short Term

80% 80% Date of issue of Policy

4 Export (Specific Buyer Policy)

80% 80% 12 month

5 Export Turnover Policy (>=than 10 lakh premium)

90% 90% 12 month

Sr. No

Types of Policy Risk Covered Period

Comm. Political

6 Buyer Exposure Policy 90% (standard)

80%(others)

12months

7 Multi-Buyer Exposure Po. 80% 80% 12 months

8 Software Project Policy 80% 80% -

9 Consignment Export Policy (Global Entity)

80% 80% 12 month

10 Consignment Export Policy

90% (standard)

80%(others)

12 month

11 Services Policies 90/80 % 90/80 % 12/24

12 IT-Enabled Services 80% 80% -

How to apply

Proposal formRequisite minimum premium (processing fee)IEC number proofL/C copy / Order copy along with credit limit

application (if applicable)

Premiums

It depends upon countryIndia classified other countries in to 7 group.i.e.A1 & A2 - Australia & BrazilB1 & B2 - Colombia & PakistanC1 & C2 - Ethiopia & Afghanistan D - Palestine

You receive

A unique policy numberAccess to relevant informationAlerts regarding defaults of buyer in any part

of the countryEligibility for filing a claimNo Claim bonus with every renewal

Claims

Claim Form Copy of contract/ order Commercial invoice Correspondence with the buyer Non- payment advice Protest deed Export turnover-last two years Invoice, B/L, B/E , airway bill etc Credit limit approval Monthly declaration position Claim value

Checklist for claims

Validity of policyValid credit limit or specific approval on

importer/countryDeclaration of shipments and payment of

premiumDefault declaration on timePrompt action to minimize lossPrior approval of the Corporation for

extension/resale/re-import/abandonment

Recovery Steps

Debt collecting agenciesChamber of Commerce/EmbassyLegal ActionRecovery expensesSharing of recovery

Other Services

Free-On-line connectivityFree-DUNS NumberMarketing Information in alliance with D&B

Agency

Mumbai Pune Nagpur

Registered Office

Express Towers,10th

Floor,

Nariman Point,

Mumbai - 400 021.

Tel : 6659 0500 /

6659 0510

Fax : (022) 6659

0517 / 0546

E-Mail :

webmaster@ecgc.in

Vastu Chambers,

1st floor, 1202 /

39, Shivaji Nagar,

P Box No.880,

Shirole Road,

Pune - 411 004.

pune@ecgc.in

Plot No.317(66),2nd

Floor, Ravindra Nath

Tagore Marg, Opp. Gupta

House, Beside M.G.

House, Civil

Line.Nagpur-440 001.

napur@ecgc.in

Address