Exporter Obligations

• Whole Turnover declaration-based Policy wherein all shipments are required to be covered under the policy.
• Obtaining valid credit limit on buyers and LC opening banks from ECGC.
• Premium is payable in advance before commencement of risks and sufficient premium deposit is also to be maintained in advance based on the turnover projection at all times during the policy.
• Submission of Monthly declaration of shipments by 15th of the subsequent month.
• Notifying / Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of the export bill or 540 days from expiry date of the Policy Cover, whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Whole Turnover declaration-based Policy wherein all shipments are required to be covered under the policy.
• Obtaining valid credit limit on buyers and LC opening banks from ECGC.
• Premium is payable in advance before commencement of risks and sufficient premium deposit is also to be maintained in advance based on the turnover projection at all times during the policy.
• Submission of Monthly declaration of shipments by 15th of the subsequent month.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 60 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of export bill or 540 days from expiry date of the Policy cover whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Whole Turnover declaration-based Policy wherein all shipments are required to be covered under the policy.
• Obtaining valid credit limit on buyers and LC opening banks from ECGC.
• Premium is payable in advance before commencement of risks and sufficient premium deposit is also to be maintained in advance based on the turnover projection at all times during the policy.
• Submission of monthly declaration of shipments by 15th of the subsequent month.
• Notifying / Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of the export bill or 540 days from expiry date of the Policy Cover, whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs 2,000/- (non-refundable).
• Premium is payable in advance before commencement of risk and sufficient premium deposit is also to be maintained in advance based on the turnover projection at all times during the policy.
• Submission of Monthly declaration of shipments by 15th of the subsequent month.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of export bill or 540 days from expiry date of the Policy cover, whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs 2,000/- (non-refundable).
• Payment of full premium on the covered value.
• Submission of Monthly declaration of shipments by 15th of the subsequent month.
• Submission of Payment Advice Slip (PAS).
• Notifying/Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of export bill or 540 days from expiry date of the Policy cover, whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Comply with RBI guidelines.
• Processing fee of Rs. 4000/- (non-refundable) is payable.
• Premium is payable on quarterly or monthly basis in advance before commencement of risks and sufficient premium deposit is also to be maintained in advance based on your turnover projection at all times during the policy.
• Obtaining credit limit on ultimate buyers beyond the discretionary limit.
• Submission of Monthly declaration of shipments by 15th of the subsequent month along with statement of the stock with the agent and details of sales effected to the ultimate buyers.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of the export bill or 600 days from expiry date of the Policy Cover, whichever is earlier.
• Initiating recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Comply with the RBI guidelines.
• Processing fee of Rs. 4000/- (non-refundable) is payable.
• Premium is payable on quarterly or monthly basis in advance before commencement of risks and sufficient premium deposit is also to be maintained in advance based on turnover projection at all times during the policy.
• Obtaining valid credit limit on ultimate buyers beyond the discretionary limit.
• Submission of Monthly declaration of shipments by 15th of the subsequent month along with statement of the stock with the agent and details of sales effected to the ultimate buyers.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of the export bill or 600 days from expiry date of the Policy Cover, whichever is earlier.
• Initiating recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs 10,000/- (non-refundable).
• Premium payable annually or quarterly instalments in advance on or before its respective due date on the Aggregate Loss Limit (ALL) of the Policy.
• Submission of quarterly statement of shipments before the end of the first month of the subsequent quarter.
• Obtain prior approval for extending the due date of payment of the export bill where the total credit period of realization exceeds 180 days.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of export bill or 540 days from expiry date of the Policy cover, whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs 10,000/- (non-refundable).
• Payment of premium in advance.
• Proposal form to be routed through Gems & Jewellery Export Promotion Council. (GJEPC) along with their recommendation letter.
• Submission of quarterly statement of shipments before the end of the first month of the subsequent quarter.
• Obtain prior approval for extending the due date of payment of the export bill where the total credit period of realization exceeds 180 days.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Taking loss minimisation steps and recovery steps including legal action.
• Filing of claim within 360 days from the due date of export bill or 540 days from expiry date of the Policy cover, whichever is earlier.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs 1,000/- (non-refundable) and one time premium of Rs. 25000/-.
• Payment of full premium in advance.
• Obtaining prior approval for extending the due date of payment of the export bill where the total credit period of realization exceeds 180 days.
• Obtaining prior approval for resale/reshipment if the loss is more than 25% of the gross invoice value.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 60 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of export bill or 540 days from expiry date of the Policy cover whichever is earlier.
• 4Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs 2,000/- (non-refundable).
• Payment of full upfront premium on the Loss Limit.
• Obtain prior approval for extending the due date of payment of the export bill where the total credit period of realization exceeds 180 days.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of export bill or 540 days from expiry date of the Policy cover, whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs 15,000/- (non-refundable) is payable under whole turnover policy. Any additional DCIP would attract separate processing fee.
• Notifying / Declaration of bills that have remained unpaid beyond 30 days from their due date of payment, by 15th of the subsequent month.
• Obtain prior approval for extending the credit period beyond 90 days.
• Filing of claim within 360 days from the due date of bill, or 540 days from the expiry date of Policy Cover, whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery
• In respect of turnover-based cover and supplies on consignment basis:  Obtaining valid credit limit on buyers from ECGC.  Submission of monthly declaration of shipments by 15th of the subsequent month.  Payment of premium in advance before commencement of risks and maintenance of sufficient premium deposit in advance based on turnover projection at all times during the policy.
• In respect of multi buyer exposure cover:  Submission of quarterly statement of shipments before end of the first month of subsequent quarter.  Payment of premium on the Aggregate Loss Limit (ALL) of the Policy in advance, annually in full upfront or in quarterly instalments, as applicable.
• In respect of single buyer exposure cover, annual advance upfront premium is payable on the loss limit approved.

Exporter Obligations

• Obtain indicative premium rate at bid stage.
• Seek post awarded approval from AD/WG on award of contract.
• Obtain in-principal approval.
• Seek cover after payment of premium.
• Advise progress of project in accordance with PEM guidelines.
• Declaration of overdue payments.
• Filing of claim within 12 months from due date.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs.2000/- (non-refundable) is payable.
• Upfront premium payment in full on the Loss Limit.
• Exporter would be required to submit a progress report indicating the level of completion, payment sought and payment received and deviations in these areas.
• The exporter has to specify in advance the manner in which the work in progress would be estimated.
• Filing of claim within 360 days from the due date of the export bill or 540 days from expiry date of the Policy Cover whichever is earlier.
• Initiating recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs.10,000/- (non-refundable) is payable.
• Premium will be payable in four equal quarterly installments in advance on or before its respective due date on the Aggregate Loss Limit (ALL).
• Monthly declaration indicating the services rendered, invoices raised and invoices paid to be submitted by the exporter by 15th of the subsequent month.
• No separate overdue report.
• Filing of claim within 360 days from the due date of the export bill or 540 days from expiry date of the Policy Cover, whichever is earlier.
• Initiating recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of Rs. 2000/- (non-refundable) is payable.
• Upfront premium payment in full on the Loss Limit.
• Monthly declaration indicating the services rendered, invoices raised and invoices paid to be submitted by the exporter by 15th of the subsequent month.
• No separate overdue report.
• Filing of claim within 360 days from the due date of the export bill or 540 days from expiry date of the Policy Cover, whichever is earlier.
• Initiating recovery steps including legal action.
• Sharing of recovery.

Exporter Obligations

• Processing fee of 40 USD (non-refundable).
• Payment of full upfront premium on the Loss Limit.
• Obtain prior approval for extending the due date of payment of the export bill where the total credit period of realization exceeds 180 days.
• Notifying/Declaration of payments for bills that have remained unpaid beyond 30 days from its due date of payment, by the 15th of the subsequent month.
• Filing of claim within 360 days from the due date of export bill or 540 days from expiry date of the Policy cover, whichever is earlier.
• Taking loss minimisation steps and recovery steps including legal action.
• Sharing of recovery.