Line of credit can be defined as a credit facilitated by banks or any other financial institutions to a government or a business or an individual where the credit can be withdrawn by the entity when funds are needed.
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 important to make sure there is continued success of the firm in the future.
The premium of a marine insurance policy depends on the following factors:
The premium of marine insurance varies on a case to case basis and it is not universal.