Beruflich Dokumente
Kultur Dokumente
of India
Presented by
Rama Mittal
Ruchi Gupta
What is ECGC?
RISKS
COMMERCIAL RISKS
– Insolvency of buyer/LC opening bank
– Protracted Default of buyer
– Repudiation by buyer
POLITICAL RISKS
– War/civil war/revolutions
– Import restrictions
– Exchange transfer delay/embargo
– Any other cause attributable to importing country
Need for export credit insurance
• Standard Policy
• Specific Shipment Policy
• Export Turnover policy
• Specific buyer wise policy
• Consignment export policy
• Customer specific policy
SCR or Standard Policy
By ECGC
• upto 90% if Loss due to political risks
• upto 75% if loss due to commercial risks
By Bank
• Remaining % in both risks
Overseas Investment
Guarantee