ECGC

Trade Finance

Export Credit Guarantee Corporation of India — provides export credit insurance covering 60-90% of loss from buyer default or political risk.

Common questions

What is ECGC and how does it protect Indian exporters?

ECGC (Export Credit Guarantee Corporation of India) is the government-owned export credit insurer. ECGC provides: (1) Buyer exposure limits — ECGC assesses your EU buyer and issues a credit limit, (2) Export credit insurance — if buyer defaults, ECGC pays 60-90% of the loss, (3) Bank guarantees — allowing Indian banks to provide pre/post-shipment credit. AJG recommends ECGC cover for all new EU buyer relationships.

Related terms

• Advance Payment
• Aval
• Back-to-Back LC
• Bank Guarantee
• Bill Discounting
• Bill of Exchange

Sources

1. Ministry of Commerce and Industry, Government of India (official press release), corroborated by PIB (https://www.pib.gov.in/PressReleasePage.aspx?PRID=1845036) commerce.gov.in accessed 20 August 2026

From the AJG lexicon archive (July 2026); fact-checked against primary sources 20 August 2026.