How to Download ECGC Form 144 for Credit Limit Application
ECGC Form 144 is a document that exporters need to fill and submit to ECGC Limited, formerly known as Export Credit Guarantee Corporation of India, to apply for a credit limit on a buyer for the first time. A credit limit is the maximum amount of exposure that ECGC will cover for an exporter against the risk of non-payment by the buyer. ECGC is a government-owned company that provides export credit insurance and guarantees to Indian exporters.
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To download ECGC Form 144, you can follow these steps:
Visit the official website of ECGC Limited at https://main.ecgc.in/credit-limit-application-form/ [^1^].
Scroll down to the section "Application for Credit Limit on a Buyer for the First Time [Form 144]".
Click on the link "Click here" under the section to download the form in PDF format.
Save the form on your computer and print it out.
Fill in the required details such as exporter name, address, policy number, buyer name, address, country, credit terms, annual turnover, etc.
Attach the necessary documents such as financial statements, bank references, trade references, etc. as mentioned in the form.
Sign and date the form and send it to the nearest ECGC branch office along with the documents.
You can also download other forms related to credit limit application such as Form 144A for enhancement of approved credit limit, Form 144B for specific approval in respect of advance payment, Form 144C for credit limit application for LC opening bank/LC confirming bank from the same website.
For more information on ECGC and its services, you can visit its main website at https://www.ecgc.in/ [^2^] or contact its customer care at 1800-22-4500 (toll free) or 022-6659-0500.
Some of the benefits of applying for a credit limit with ECGC are:
You can protect your export business from the risk of non-payment by the buyer due to commercial or political reasons.
You can avail export credit from banks at concessional interest rates as ECGC provides a guarantee to the banks for the repayment of the credit.
You can expand your export market by offering competitive credit terms to your buyers without compromising on your cash flow.
You can access ECGC's online portal to monitor your credit limit status, file claims, and get updates on buyer ratings and country risk ratings.
You can benefit from ECGC's new insurance scheme that covers up to 90% of export credit risk for small exporters . This scheme is aimed at encouraging small-scale exporters to avail export credit and explore new markets.
Therefore, applying for a credit limit with ECGC can help you grow your export business with confidence and security.
If you want to apply for a credit limit with ECGC, you need to have a valid ECGC policy that covers your export transactions. ECGC offers various types of policies such as Standard Policy, Small Exporters Policy, Specific Shipment Policy, etc. depending on your export turnover, product, market, and credit terms. You can choose the policy that suits your needs and requirements.
To know more about ECGC policies and their features, you can visit https://main.ecgc.in/policy/ or contact your nearest ECGC branch office.
We hope this article has given you some useful information on how to download and apply for ECGC Form 144 and the benefits of having a credit limit with ECGC. If you have any queries or feedback, please feel free to write to us at info@ecgc.in or call us at 1800-22-4500 (toll free) or 022-6659-0500.
Thank you for reading and happy exporting!
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