A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds.
Export Credit Insurance or ECI ≈ Export Credit Insurance or ECI protects against the risk of non-payment by a foreign buyer. If one's company is an exporter or importer, or both, then having the relevant insurance cover in place is essential to ensure the continued success of the company in the future.
Factors Involved in Calculating Marine Insurance premiumThe premium of a marine insurance plan depends on the following factors:
The premium of a marine insurance policy varies on a case to case basis and is not universal.