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Risks in foreign trade- Role of ECGC
What is the full form of ECGC and what is its primary mandate?
ECGC stands for Export Credit Guarantee Corporation of India Ltd., and its primary mandate is to provide credit risk insurance and related services to Indian exporters and banks financing exports.
What type of organization is ECGC — public sector or private?
ECGC is a government-owned public sector organization.
Which ministry administers ECGC and under what act is it incorporated?
ECGC is administered by the Ministry of Commerce and Industry, Government of India, and is incorporated as a company under the Companies Act.
What is the maximum credit period covered under ECGC's standard shipment policy?
Standard shipment policy covers credit periods up to 180 days.
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