When the merchandise is exported,it has to be protected from any types risks such as loss of goods by ship calamities,political riots so on so forth,and it so happens the exporter should cover the value of merchandise by way of Export Credit Guarantee Corporation, apart from the general insurance. Without the ECGC covering,banks will not come forward to accept the export documents as normal procedure.
The readers are advised to keep informed that from the beginning emphasis is made to understand how safe is the money and how to recover it.
The production of any commodity is less difficult rather the recovery of funds through proper channels, from the export ends.
Readers are advised to understand that the funds invested in productions,should be recovered in full with with the added value as profit too. Hence telling about money recovery becomes more important than you see the products itself,and its manufacturing condition.We go carefully in a manner how a novice,or a beginner
ought learn salient features first risks involved in funds recovery and how best we have to safeguard it. The government has come forward to protect the interest of the exporters.
As far as the product manufacture is concerned, can be compared to swimming sports.
Unless you do not jump into the water,you cannot learn swimming.
We will show the swimming pool and also teach how to swim in the export liaison agency. Read more.............
What does ECGC do?