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Managing
your export risk |
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There
are many risks involved in exporting, risks as would normally be
evident in strictly domestic transactions.
For
example,
- Buyer
insolvency (purchaser cannot pay);
- Non-acceptance
(buyer rejects goods as different from the agreed upon
specifications);
- Credit
risk (allowing the buyer to take possession of goods prior to
payment);
- Regulatory
risk (e.g., a change in rules that prevents the transaction);
- Intervention
(governmental action to prevent a transaction being completed);
- Political
risk (change in leadership interfering with transactions or
prices); and
- War
and Acts of God.
In
addition, international trade also faces the risk of unfavorable
exchange rate movements (and, the potential benefit of favorable
movements)
Export
Credit Guarantee corporation of India ( A Government of India
Enterprises ) 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.
The
rate of Premium varies from country to country, & on the basis of
group in which the country has been divided.
Not
only this The export credit Guarantee Corporation of India also
provide the information on credit-worthiness of overseas
buyers.
Visit nearest
office of the Export Credit Guarantee corporation of India
located to you to seek the advice & guidance in export-related
activities.
ECGC help
exporters in number of way such as
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Offers
insurance protection to exporters against payment risks
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Provides guidance
in export-related activities
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Makes
available information on different countries with its own credit
ratings
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Makes it easy to
obtain export finance from banks/financial institutions
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Assists exporters
in recovering bad debts
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Provides
information on credit-worthiness of overseas buyers
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Please visit
- the official web site of
- for further information
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