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13th November 2015, 12:13 PM
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Join Date: May 2012
Re: How To Calculate ECGC Premium

Here are the following details of the Export Credit Insurance-Branch-Wise Packing Credit (ECIB-BIPC)

PERIOD OF COVER:
12 months

ELIGIBLE ADVANCES:
All packing credit advances are as per RBI guidelines.

PROTECTION OFFERED:
Against losses that may be incurred in extending packing credit advances due to protracted default or insolvency of the exporter-client.

PERCENTAGE OF COVER:
66-2/3%

PREMIUM:
10 paise per Rs.100 p.m. on the highest amount outstanding on any day during the month

MAXIMUM LIABILITY:
66-2/3% of the aggregate of Packing Credit Limits of the accounts being covered

Contact Details:

ECGC
Registered Office
Express Towers,10th Floor,
Nariman Point,
Mumbai - 400 021.
Tel : 6659 0500 / 6659 0510
Fax : (022) 6659 0517 / 0546


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