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A small exporter may, without prior approval of ECGC convert a D/P bill into DA bill, provided
that he has already obtained suitable credit limit on the buyer on D/A terms.
Where the value of this bill is not more than Rs.3 lacs, conversion of D/P bill into D/A bill is
permitted even if credit limit on the buyer has been obtained on D/P terms only, but only one claim
can be considered during the policy period on account of losses arising from such conversions.
A small exporter may, without the prior approval of ECGC extend the due date of payment of a
D/A bill provided that a credit limit on the buyer on D/A terms is in force at the time of such
extension.
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