Product Details
Buyer Exposure Policies
Mumbai
A Quality Product from
ECGC OF INDIA LIMITED [View Profile]
Mumbai - India
Description :
Presently, in the policies offered to exporters premium is charged on the export turnover, though the Corporation?s exposure on each buyer is controlled through a system of approval of credit limits on the buyer for covering commercial risks. While this suits the small and medium exporters, many large exporters having large number of shipments have been complaining about the volume of returns to be filed under the policy necessitating the deployment of their resources for this purpose and also resulting in possible unintentional omissions or commissions in such reporting, which have an impact on the settlement of claims. There has been a demand for simplification of the procedures as well as for rationalization of the premium structure. Considering the requirements of such exporters, the Corporation has decided to introduce policies on which premium would be charged on the basis of the expected level of exposure. Two types of exposure policies ? one for covering the risks on a specified buyer and another for covering the risks on all buyers- are offered.
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ECGC OF INDIA LIMITED deals in :
Credit Insurance Policies - SCR or Standard Policy, Turnover Policy, Small Exporters Policy, Small Exporters Policy, Specific Shipment Policy (Short term), Buyerwise Policy, Consignment Exports Policy, Buyer Exposure Policies, Software Projects Policy, IT - Enabled Services (Specific Customer) Policies, Services Policy, Construction Works Policy, Specific Policy for Supply Contract, Insurance cover for Buyer's Credit and Line of Credit. Maturity Factoring - Maturity Factoring. Guarantees to Banks - Packing Credit Guarantee, Export Production Finance Guarantee, Post-Shipment Credit Guarantee, Export Finance Guarantee, Export Performance Guarantee, Export Finance (Overseas Lending) Guarantee. Special Schemes - Transfer Guarantee, Overseas Investment Insurance, Exchange Fluctuations Risk Cover.
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