export credit & guarantee corp. india
DESCRIPTION
This PPT contains information about Export Credit Corporation of India, focused on , What is Orgnaisation & it's function ? It will help to exporters of India and other countires also it will help to Students who are studing International businessTRANSCRIPT
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Sagar Umap
Presented By
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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.
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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.
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Cycle
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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
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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
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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
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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
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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
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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
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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% -
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How to apply
Proposal formRequisite minimum premium (processing fee)IEC number proofL/C copy / Order copy along with credit limit
application (if applicable)
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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
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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
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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
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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
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Recovery Steps
Debt collecting agenciesChamber of Commerce/EmbassyLegal ActionRecovery expensesSharing of recovery
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Other Services
Free-On-line connectivityFree-DUNS NumberMarketing Information in alliance with D&B
Agency
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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 :
Vastu Chambers,
1st floor, 1202 /
39, Shivaji Nagar,
P Box No.880,
Shirole Road,
Pune - 411 004.
Plot No.317(66),2nd
Floor, Ravindra Nath
Tagore Marg, Opp. Gupta
House, Beside M.G.
House, Civil
Line.Nagpur-440 001.
Address
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