ECT (Paragraph 6 A.17) Application for permission for export of commodities on elongated credit terms beyond 180 days Instruction: The application complete in all respects should be submitted in duplicate through the applicant's bankers to the concerned regional office of Reserve Bank of India, under whose jurisdiction the applicant is situate. 1. Particulars of exporter a) Name and address b) Importer-Exporter Code Number 2. Name and address of the Overseas buyer 3. Particulars of export Contract a) Commodity to be exported b) Terms of Contract (FOB, C&F, CIF, etc.) c) Quantity d) Total Contract Value 4. Period of credit required 5. Terms of payment: a) Whether the export is covered by irrevocable letter of credit; if so name and address of the opening bank. b) If the letter of credit has been confirmed by any bank, name of the confirming bank. c) In case the contract is not covered by letter of credit, details of guarantee if any, offered by overseas buyer. 6. Rate of interest: i) The rate of interest, if charged separately ii) Element of interest included in the price if interest is not being charged separately 7. Exporter's past experience regarding repatriation of proceeds from the concerned buyer/country 8. Whether ECGC have agreed to provide necessary cover for the export order in question 9. Name and address of the bank in India from whom credit facilities are proposed to be obtained. 10. Whether any commission is payable in respect of the export order. If so, a) Name and address of the overseas agent. b) Rate at which the commission is payable 11. Profitability - A detailed statement indicating how the net profit has been arrived at should be enclosed 12. Exporter's export performance YearValue of Total Amount during the previous 3 years Exports realisationoutstanding made beyond 6 months Rs. Rs. Rs. 13. Any other information relevant for consideration of the application Place: ................................. ........................................................................ Date : ................................. (Signature of Applicant/Authorised Official)Stamp Name: ............................................................ Designation: .................................................. Registration No: ............................................ To be completed by the Exporter's bank 1) Comments regarding the means and standing of the exporter 2) Health Code allotted 3) Credit limits enjoyed by exporter with the bank/other banks 4) Any other comments Place: ................................. ........................................................................ Date : ................................. (Signature of Applicant/Authorised Official)Stamp Name: ............................................................ Designation: .................................................. Name and Address ........................................ of Authorised Dealer .....................................
