The GJEPC organised a webinar for micro, small and medium enterprises (MSMEs) on 12th March, 2021, to address the importance of Export Credit Insurance (ECI) and its role in protecting exporters against the risk of non-payment by a foreign buyer.

The conversation with special guest James Lalremruatra, AGM, Export Credit Guarantee Corporation of India (ECGC) briefed the audience on how ECI significantly reduces the payment risks associated with doing international business by giving the exporter conditional assurance that the payment will be made if the foreign buyer is unable to pay.

Noted below are few of the highlights and various topics discussed during the webinar:

• The Export Credit Risk and type of Types of Export Credit Risks

• Risks Covered by ECGC

  a) Commercial Risks - such as insolvency of the buyer

  b) Bankruptcy, or protracted defaults (slow payment),and

  c) Political Risks such as war, terrorism, riots, and revolution.

• Risks not Covered
• ECGC Business Profile
• Terms of Payments in Exports

• Country & Buyer Underwriting

  a) Buyer Risk Rating

  b) Country Risk Rating

• Policy Products of ECGC for exporters of Gem and Jewellery Industry

• Declaration-based Policies

  a) Whole Turnover Policies (SEP/SCR/ETP)

  b) Buyer Wise Policies (BWP)

  c) Exposure Based Policies

  d) Specific Buyer Wise Policies (SBEP)

  e) Specialised Covers

  f) Exposure Policy WT for GJD Sector (MBEP-GJD)

• Lodgment of Claim
• Important Documents Required At The Time Of Claim
• Recovery
• Common Lapses

Caption: James Lalremruatra, AGM, Export Credit Guarantee Corporation of India (ECGC)