Hii sir, I Wants to get the Amounts of the Credit Limit of the Export Credit Guarantee Corporation Of India Ltd ?

The liability of ECGC under this policy for losses, occasioned owing to any of the commercial risks described in clauses (i), (ii) or (iii) of the “Risks Insured" in respect of shipments made to any one buyer shall be limited to the amount hereinafter defined as the Amount of Credit Limit

Amount of Credit Limit

The amount of Credit Limit on any particular buyer shall be: (a) where on an application made by the Insured in the prescribed form, ECGC has approved and communicated to the Insured in writing an amount as the Credit Limit on a particular buyer, the amount so specified shall be the credit limit in respect of that buyer.

Such approved credit limit shall always be subject to the terms of payment and the terms and conditions specified in or appended to the relevant credit limit approval.


If, in respect of any particular buyer, ECGC is of the opinion that a higher share of commercial risk shall be retained by the Insured and has specified a percentage as the percentage of loss covered in respect of that particular buyer then in that case,

- (i) If the transaction is on Documents against payment (DP) or Cash against Documents (CAD) terms of payment, then Rs.40,00,000/- (Rupees Forty Lacs only) provided that the number of claims payable on credit limits availed under this clause shall not exceed two; or (ii) If the transaction is on Documents against Acceptance (DA) or 'Open Delivery' terms, then Rs.20,00,000/- (Rupees Twenty Lacs only)

provided that the Insured has completed the preceding Policy Period prior to the month of shipment and an amount of not less than Rupees Five Lacs has already been paid by the Insured as premium on shipments made during the said Policy-Period and provided further that the number of claims payable on credit limits availed under this subclause shall not exceed two; or ECGC LTD 17

(iii) If, during the two-years period immediately preceding the date of shipment, the Insured had made at least one shipment previously to that particular buyer on payment terms identical to the shipment(s) in question and had duly realized all payments on the respective due dates, then the highest amount that remained outstanding due from the buyer on any of those shipments on similar payment terms subject to a limit of

Rs.80,00,000/- (Rupees Eighty Lacs only) per buyer with a sub-limit of Rs.30,00,000/- (Rupees Thirty Lacs only) therein for open account transactions, i.e. for shipments made on 'Open Delivery' or DA terms.


Shipments (Comprehensive Risks) Policy (SCR)





For more information you may Consider the below Attachement that is Free to Download

Attached Files

Shipments (Comprehensive Risks) Policy (SCR) .pdf (205.8 KB, 300 views)