#1
13th November 2015, 12:12 PM
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How To Calculate ECGC Premium
I want to know the Premium rate of the Export Credit Insurance-Branch-Wise Packing Credit (ECIB-BIPC) so can you please tell me or tell me how I calculate this?
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#2
13th November 2015, 12:13 PM
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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 |