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Policy of ECGC |
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Re: Policy of ECGC
The Export Credit Guarantee Corporation of India Ltd is a company wholly owned by the Government of India based in Mumbai, Maharashtra. The ECGC is provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983. Notable Records: Largest Policy short term Rs.450 crores Largest database on buyers 8 lakhs Largest credit limit Rs.80 Crores Largest claim paid Rs.540 crores Quickest claim paid 2 days Highest compensation-Iraq Rs 788 Crores Go in policy section for to get detail about Export Credit Guarantee Corporation of India Ltd: ecgc.in/ Exporter customers holding any of the following Credit Insurance Policies of ECGC shall be treated as Policy Holders (PH): Shipment Comprehensive Policy (Standard Policy) Small Exporters Policy Export Turnover Policy Multi Buyer Exposure Policy Multi Buyer (ITES) Policy Facilities by ECGC: Offers insurance protection to exporters against payment risks Provides guidance in export-related activities Makes available information on different countries with its own credit ratings Makes it easy to obtain export finance from banks/financial institutions Assists exporters in recovering bad debt Provides information on credit-worthiness of overseas buyers |
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