ecgc premium
This query is : Resolved
CA Praveen Chopra
(Querist)
11 November 2008
Can a branch manager waive ecgc premium. Does he has power to waive or negotiate the same.
S.Srinivasaraghavan
(Expert)
11 November 2008
The branch manager of whom?
CA Praveen Chopra
(Querist)
11 November 2008
Of the branch from where we have limits
S.Srinivasaraghavan
(Expert)
11 November 2008
You mean the bank manager? ECGC is for what purpose? Who is taking the policy?
CA Praveen Chopra
(Querist)
12 November 2008
ECGC is for risk cover. Bank is taking the policy & collects the premium from the client.But some time they have the power to waive or negotiate the same.
S.Srinivasaraghavan
(Expert)
12 November 2008
Why I am asking this question is it is normally the exporter who takes Exports Credit Guarantee Cover(ECGC). If that is so why is the bank coming into the picture for the purpose? In otherwords the primary responsibility on the exporter, if the bank by choice does it, then we have to see what is their internal policy.
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