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Export credit & guarantee  corp. india
 

Export credit & guarantee corp. india

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This PPT contains information about Export Credit Corporation of India, focused on , ...

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 business

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    Export credit & guarantee  corp. india Export credit & guarantee corp. india Presentation Transcript

    • Sagar Umap Presented By
    •  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.
    • 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.
    • Cycle
    • 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
    • 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
    • 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
    • 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
    • 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
    • Sr. N o 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
    • Sr. N o Types of Policy Risk Covered Period Comm. Political 6 Buyer Exposure Policy 90% (standard) 80% (others) 12 months 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% -
    • How to apply Proposal form Requisite minimum premium (processing fee) IEC number proof L/C copy / Order copy along with credit limit application (if applicable)
    • Premiums It depends upon country India classified other countries in to 7 group. i.e. A1 & A2 - Australia & Brazil B1 & B2 - Colombia & Pakistan C1 & C2 - Ethiopia & Afghanistan D - Palestine
    • You receive A unique policy number Access to relevant information Alerts regarding defaults of buyer in any part of the country Eligibility for filing a claim No Claim bonus with every renewal
    • 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
    • Checklist for claims Validity of policy Valid credit limit or specific approval on importer/country Declaration of shipments and payment of premium Default declaration on time Prompt action to minimize loss Prior approval of the Corporation for extension/resale/re-import/abandonment
    • Recovery Steps Debt collecting agencies Chamber of Commerce/Embassy Legal Action Recovery expenses Sharing of recovery
    • Other Services Free-On-line connectivity Free-DUNS Number Marketing Information in alliance with D&B Agency
    • 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 : webmaster@ecgc.in Vastu Chambers, 1st floor, 1202 / 39, Shivaji Nagar, P Box No.880, Shirole Road, Pune - 411 004. pune@ecgc.in Plot No.317(66),2nd Floor, Ravindra Nath Tagore Marg, Opp. Gupta House, Beside M.G. House, Civil Line.Nagpur-440 001. napur@ecgc.in Address