What is specific approval list?
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What is specific approval list?
Specific Approval List (SAL) (maintained by the Corporation and circulated among all banks) contains names and addresses of the exporters to whom packing credit advance granted by a bank can be covered under WTPCG only if the Corporation has given its approval in writing.
How can I get ECGC policy?
The exporter can apply with ECGC for insurance on shipment wise order as specific insurance policy, or at lump sum as comprehensive policy. If an exporter obtain a specific policy, the contract of insurance is only for that particular shipment. You as an exporter has to pay premium only against the said shipment.
How many branches of ECGC are there in India?
ECGC, a Government of India enterprise established to promote Export / Import in our country, provides a range of credit risk insurance covers to exporters against loss in export of goods. South Indian Bank with more than 400 branches across 14 States will facilitate the distribution of credit policies of ECGC.
What is Bsal in ECGC?
Other procedural aspects such as reporting or seeking approval of limits, monthly declarations with premium, extension in due date under Pre-Shipment/Post-Shipment, Report of Default, Lodgment of Claim, placing of borrower in Specific Approval List (SAL), Sharing of recovery, Checking of Buyers Specific Approval List ( …
Is ECGC cover mandatory?
The full form of ECGC stands for Export Credit Guarantee Corporation Limited (ECGC), it is an open cover to credit insurance & a mandatory requirement for it.
How do I register with ECGC?
Welcome to ECGC
- Please enter User Id or IFSC Code (For Bank type users) or IE Code (For Exporter type users)
- Set a password (Password criteria is available by ticking on checkbox above password field)
- Type in the Captcha Code and click on Submit button.
How does EGCG help exporters?
ECGC provides (i) a range of insurance covers to Indian exporters against the risk of non – realization of export proceeds due to commercial or political risks (ii) different types of credit insurance covers to banks and other financial institutions to enable them to extend credit facilities to exporters and (iii) …
What foods contain EGCG?
Though EGCG is predominantly found in green tea, it also exists in small amounts in other foods, such as (3): Tea: green, white, oolong, and black teas. Fruits: cranberries, strawberries, blackberries, kiwis, cherries, pears, peaches, apples, and avocados. Nuts: pecans, pistachios, and hazelnuts.
Is ECGC is govt or private?
The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a government owned export credit provider. It is under the ownership of Ministry of Commerce and Industry, Government of India based in Mumbai, Maharashtra.
Is ECGC a PSU?
The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a government owned export credit provider….Export Credit Guarantee Corporation of India.
| Type | Government of India Enterprise |
|---|---|
| Products | Export Credit Insurance |
| Owner | Ministry of Commerce and Industry, Government of India |
| Website | ecgc.in |
What is a packing credit?
Pre-shipment / Packing Credit also known as ‘Packing credit’ is a loan/ advance granted to an exporter for financing the purchase, processing, manufacturing or packing of goods prior to shipment.