#1
July 5th, 2017, 03:18 PM
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Information about ECGC
What are products and services offering by ECGC Limited? Can anyone provide list of all products and services offering by ECGC Limited?
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#2
July 5th, 2017, 03:34 PM
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Re: Information about ECGC
The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. ECGC Ltd, was established in July, 1957 ECGC is iAAA rated by ICRA which denotes highest claim paying ability Insurance is a subject matter of solicitation. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce, Government of India. Name of the company has been changed from EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED to ECGC Limited on 8 August 2014. ECGC Ltd is the seventh largest credit insurer of the world in terms of coverage of national exports. FACILITIES BY ECGC Offers insurance protection to exporters against payment risks Makes available information on different countries with its own credit ratings Assists exporters in recovering bad debt Provides information on credit-worthiness of overseas buyers Provides guidance in export-related activities Makes it easy to obtain export finance from banks/financial institutions 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 PRODUCTS AND SERVICES: Export Credit Insurance for Exporter ECIE Short Term – Turnover Based Small Exporters Policy – (SEP) Specific Shipment Policy-(SSP) Exports (Specific Buyers) Policy (BWP) Buyer Exposure Policy (SBEP) IT-Enabled Services Policy-Single Customer (SITES) Software Project Policy (SPP) Construction Works Policy-(CWP) Specific Services Policy-(SRC) Letter of Credit confirmation Cover Shipments Comprehensive Risks Policy – (SCR) Services Policy – (SRC) Export Turnover Policy – (ETP) Consignment Exports Policy (Stockholding Agent) – (CSA) ECIE Short Term – Exposure Based Small And Medium Enterprise – (SME) Specific Policy for Supply Contract Specific Shipment Policy-(SSP) ECIE – Medium & Long Term Export Credit Insurance for Bank Whole Turnover Packing Credit – (WTPC) ECIB – Short Term – Post-Shipment Individual Post Shipment-(INPS) ECIB-INPS (Without Any Exclusion) ECIB-INPS (Not Holding Standard Policy) ECIB – Short Term – Cover against Bank Guarantee Advance Payment-cum-Performance Individual Packing Credit -(INPC) Individual Post Shipment-(INPS) ECIB-Cash Flow Deficit Financing ECIB – Short Term – Pre-Shipment(PC) Individual Packing Credit -(INPC) ECIB-INPS (With Exclusion) Whole Turnover Post Shipment – (WTPS) Export Finance (EF) Branch Wise Packing Credit – (BIPC) ECIB – Medium & Long Term Export Performance (EP) Export Finance[Overseas Lending](EF-OL) Export Credit Insurance for Banks- Surety Cover (ECIB-SC) Special Schemes Factoring Customer Specific Covers NEIA Buyer’s Credit Cover Overseas Investment Insurance Lines of Credit Cover Contacts 1800-22-4500 |