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I want to get the details of National Export Insurance Account (NEIA) of Export Credit Guarantee Corporation of India ECGC?

[prince karak]

National Export Insurance Account (NEIA) has been set up by the Government of India and operated by Export Credit Guarantee Corporation of India ECGC to provide adequate credit insurance cover to protect long and medium term exporters against both, political and commercial risks of the overseas country and the buyer/bank concerned.

NEIA aims to ensure the availability of credit risk cover for projects and other high-value exports

The following types of export transactions are eligible for inclusion under NEIA:

Only such medium and long-term export projects which are viable and for which reinsurance is not available
Medium and long- term project exports involving civil constructions, turnkey projects, supply of equipments and services would come under these contracts

Exports to countries which are not likely to be covered on purely commercial considerations or are beyond country-exposure limits, acceptable credit terms/period prescribed by ECGC or countries currently facing economic/political difficulties, but where Indian presence is required to be maintained as a part of the long-term strategy of the Government of India

These transactions could be in the nature of a Buyer’s credit, Line of Credit, Supplier’s Credit, and those involving deferred terms of payments. This apart, transactions involving investments by Indian companies in overseas markets can be covered for the protection of their investments against expropriation risks and limited recourse covers (insolvency risks) against such joint venture entities in favour of banks when they seek funding from international banks

The NEIA trust also provides covers to banks for Buyer’s Credit transactions which facilitates foreign buyer to pay for project exports from India.


ECGC Limited NEIA