What IS CREDIT INSURANCE

Credit insurancecovers businesses and an

individuals family members against losses
resulting from the inability to repay a loan.
A credit insurance policy usually provides
security cover for a specific reason for
which a borrower defaults

How does ECGC help exporters?

y Offers insurance protection to exporters
against payment risks.
y Makes it easy to obtain export finance
from banks/financial institutions.
y Assists exporters in recovering bad debts.
y
Provides information on creditworthiness of overseas buyers.
SCR or Standard Policy
y Ideally suited to cover risks in respect of
goods exported on short-term credit, i.e.
credit not exceeding 180 days.
y Covers both commercial & political risks
from the date of shipment.
y It is issued to exporters whose anticipated
export turnover for the next 12 months is
more tha