Proposal For Exports (IT Enabled Services) Policy-Specific Customer

ITES121
Proposal for Exports (IT Enabled Services) Policy- Specific Customer
We hereby apply for Exports (IT Enabled Services) Policy Specific

Customer of the Export Credit Guarantee Corporation of India Limited to pay us
a proportion of the loss as defined therein that we may sustain in accordance
with the terms and conditions of the said Policy (which we have already read).
Part I: Information on the Exporter (Details in the Column No. 4 to 8 to be

submitted when the first application is made and changes to be informed on
subsequent applications.)
1. Name of the Exporter
Proprietorship/partnership/Pvt. Limited Company, /

Public Limited Company/others (pl. specify)
2. Address
Phone No Cell No.

Fax No.
E-mail:
3 Import Export Code
No.
4 Name & Address of
the exporters bank
5 Status of the Unit Export House / Trading House / Star Trading House
Super Star Trading House / others
6 Contact Person &
Designation
Mobile No.
Phone No. Email No.
7 Names of the Full Name (if Partners or Directors are related
Proprietor / Partners/ please mention the relationship also)
Directors
(Including Surname, 1.
Fathers/ Husbands
Name) 2.
3.
4.
8 Name of the sister
concerns and their
address
Part II Customer details and requirement

9 Risk to be covered a) Customer Risks / Bank risks & Political
(Tick whichever is Risks
applicable) b) Political risks only
10 Name and address
of the customer
Please specify
Whether customer is
Government or Telephone:
Associate of yours Fax:
E-mail
Contact Person:
11. Experience with the customer for the last one year if any
(Separate sheet may be enclosed)
S.No Month Value of Terms of Date of Reason for delay /
invoices Payment realization overdue, if any
raised (in
Rs.)
12 Anticipated business Value of services Terms of payment
for the next one year
With the customer on
whom this policy is
applied (If you have monthly schedule of services to be
rendered copy of the schedule may be attached)
13 Value of Contract Amount in
Foreign currency:
Amount in
Indian Rupees
14 Nature of Contract
a) Method of
assessment of
service to be
rendered
b) System of Billing
c) System of Through Bank / Direct to the Customer
sending the bill
d) Credit Period for
Payment
15 Maximum amount
expected to be
outstanding from the
customer at an one
point of time (highest
level of exposure at
any point of time)
16 Processing fee Rs.1000/- (to be paid along with the application per
customer/ banker)
Cheque No. dated
Bank Name:
Instructions:
1. Fill in all columns of the application.
2. If you have obtained any report on the customer from a bank or agency
you may attach the original with this application.
Undertakings:
1. We hereby declare that we are not aware of any circumstances relating to

the customer, which might adversely influence your acceptance of any of
the risks on which we are hereby requesting insurance.
2. The major part of business process required for effective delivery of

service is undertaken in India. (Or specify if major part of the business
process is undertaken outside India but final service delivery and billing is
from India).
3. When we receive any information that the customer is in financial

difficulties or that his position appears to be not comfortable in financial
dealings, we will not enter with fresh contract, and for the existing contract,
wherever possible further services offered shall be made available with
advance payment or letter of credit or bank guarantee.
4. We hereby declare and certify that all statements made in the application
are true and that we have not misrepresented or omitted any material fact
which might have bearing on the policy, and we agree that such
representations and facts shall form the basis of and be incorporated in
the policy and that the truth of such representations as facts and due
performance of each and every undertaking contained herein or in the
policy shall be a condition precedent to any liability of the Corporation
hereunder and to the enforcement thereof by us.
5. We understand and agree that in the event of a claim for any loss
sustained by us being admitted by the Corporation under this policy or any
endorsement which may at any time be attached to this policy, it shall be
paid by the Corporation direct to the bank named in the proposal through
which the export documents pertaining to the services rendered and/or the
payment would be routed through and we agree that, in that event, the banks
receipt would be a full legal discharge to the Corporation thereafter and the
Corporation shall have no further obligation to us.
Exporters Signature:
Designation:
Office Seal
DATE: Address Stamp
Note: In the case of incorporated companies this proposal should be signed by

authorized officers for and on behalf of the company and should state the
capacity in which the signatory acts. In the case of partnership the partner of the
firm should sign the proposal. In the case of proprietorship, the proprietor should
sign the form.
Section 41 of the Insurance Act
No person shall allow or offer to allow, either directly or indirectly, as an

inducement to any person to take out or renew or continue as insurance in
respect of any kind of risk relating to lives or property in India, any rebate of the
whole or part of the commission payable or any rebate of the premium shown on
the policy, not shall any person taking out or renaming or continuing a policy
accept any rebate, except such rebate as may be allowed in accordance with the
published prospectus or tables of the insurer.

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ITES121

Proposal for Exports (IT Enabled Services) Policy- Specific Customer

We hereby apply for Exports (IT Enabled Services) Policy Specific

Part I: Information on the Exporter (Details in the Column No. 4 to 8 to be

1. Name of the Exporter

Proprietorship/partnership/Pvt. Limited Company, /

Phone No Cell No.

Part II Customer details and requirement

1. Fill in all columns of the application.

1. We hereby declare that we are not aware of any circumstances relating to

2. The major part of business process required for effective delivery of

3. When we receive any information that the customer is in financial

Note: In the case of incorporated companies this proposal should be signed by

Section 41 of the Insurance Act

No person shall allow or offer to allow, either directly or indirectly, as an

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