ECGC Comes Under

Under in which organization the Export Credit Guarantee Corporation of India working, also give Notable Records of ECGC & contact details of ECGC???

[Rajkumar Agarwal]

Export Credit Guarantee Corporation of India was established in July, 1957 to strengthen the export promotion by covering the risk of exporting on credit.

It functions under the administrative control of the Ministry of Commerce & Industry, Department of Commerce, Government of India. It is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, insurance and exporting community.

ECGC is the fifth largest credit insurer of the world in terms of coverage of national exports.

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.120 crores
Quickest claim paid 2 days
Highest compensation-Iraq Rs 788 Crores

Services:

Pre-Shipment (PC)

Post-Shipment (PS)

Cover against Bank Guarantee

Special schemes :
Factoring

Buyer's Credit Cover

Line of Credit Cover

Transfer Guarantee (TG)

Overseas Investment Insurance

Customer Specific Covers

NEIA

Board of Directors:



Contact:
Export Credit Guarantee Corporation of India Ltd.
Insurance
Phase V, Sector 19, Gurgaon, Haryana 122016

[MAP]Export Credit Guarantee Corporation of India Ltd.[/MAP]

[sumit]

The ECGC Limited is a company wholly owned by the Government of India based in Mumbai, MaharashtraIt provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983.


Facilities by ECGC
Offers insurance protection to exporters against payment risks
Provides guidance in export-related activities
Makes available information on different countries with its own credit ratings
Makes it easy to obtain export finance from banks/financial institutions
Assists exporters in recovering bad debt
Provides information on credit-worthiness of overseas buyers



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


ECGC in Credit Insurance





Contact Details:

Export Credit Guarantee Corporation of India Ltd.
Insurance
Phase V, Sector 19, Gurgaon, Haryana 122016