2. GROUP IV Presented By Saumil Joshi (97) Shipra (98) Sneha Sadani (100) Terry Rae (101) Vivek Khatri (102) Ambika Negi (103) Ankita Chhajlani (104) Kisan Agarwal (106) Suyog Manwatkar (107)
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6. Foreign buyer unable to pay Protracted Default of Buyers Risk Of Insolvency Balance of payment problems Coup or insurrection Outbreak of war or civil war Political & Economic changes Risk Associated With Exports
7. ECGC Policies Specific Policy For exports under Deferred Payments, Project Exports, Service exports Standard Policy For short term shipments (180 Days) Financial Guarantees to Banks For Giving credit to exporters Special Schemes ( Transfer Guarantee ) To protect Banks Issuing L/C, Confirming L/C, Insurance Cover, Line of Credit, Overseas Investment Insurance & Exchange Fluctuation Risk Insurance
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15. Application Process: ECGC Application to the ECGC along With Rs. 10,000 as initial premium A statement to be submitted to the ECGC Every month along with last month’s Statements & the monthly insurance Premium cheque (mandatory) The list of exports also includes the value of export Shipments & insurance premium to be paid This is the general process to avail the services of ECGC
