CAREER GUIDANCE :Learn ECGC

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. .As already stated erstwhile,save this articles, and these will help understanding formalities when we study about export documentation arise,which Amity India is willing to demonstrate practically as when it is necessary. 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?

Provides a range of credit risk insurance covers to exporters against loss in export of goods and services Offers guarantees to banks and financial institutions to enable exporters to obtain better facilities from them Provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan

How does ECGC help exporters? 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 debts Provides information on credit-worthiness of overseas buyers Need for export credit insurance Payments for exports are open to risks even at the best of times. The risks have assumed large proportions today due to the far-reaching political and economic changes that are sweeping the world. An outbreak of war or civil war may block or delay payment for goods exported. A coup or an insurrection may also bring about the same result. Economic difficulties or balance of payment problems may lead a country to impose restrictions on either import of certain goods or on transfer of payments for goods imported. In addition, the exporters have to face commercial risks of insolvency or protracted default of buyers. The commercial risks of a foreign buyer going bankrupt or losing his capacity to pay are aggravated due to the political and economic uncertainties. Export credit insurance is designed to protect exporters from the consequences of the payment risks, both political and commercial, and to enable them to expand their overseas business without fear of loss.