Special ECGC Cover for
Export to Gulf under RELIEF Extended to 31 Mar 2027
Ø RELIEF Component II Offers 95% Risk
Coverage to Encourage ECGC Cover for Export Shipments
·
The
Department of Commerce has extended Component II of the RELIEF initiative under
the Export Promotion Mission until March 31, 2027, due to continuing
geopolitical disruptions in West Asia and their impact on maritime logistics.
·
The
scheme offers 95% risk coverage to encourage Indian exporters to obtain ECGC
insurance for eligible upcoming shipments to specified regions.
·
The
benefit applies to eligible Standalone and Whole Turnover Policies obtained on
or after March 16, 2026.
·
Eligible
cargo includes Full Container Load (FCL), Less than Container Load (LCL) and
refrigerated (reefer) containers, excluding energy shipments.
·
Eligible
exporters must submit claims and supporting documents through the official ECGC
customer portal.
·
Launched
on March 19, 2026, RELIEF aims to address rising freight costs, higher
insurance premiums and war-related export risks affecting Indian exporters.
[ABS News Service/26.10.2026]
The Department of Commerce has
extended the timelines under Component II of RELIEF (Resilience & Logistics
Intervention for Export Facilitation), a time-bound intervention under the
Export Promotion Mission (EPM), until March 31, 2027. The extension was
notified vide Notification No. 37/2026-27 dated September 30, 2026, in view of
continued geopolitical disruptions in West Asia and their impact on maritime
logistics across the Gulf and adjoining regions.
Component II of the initiative aims
to encourage exporters to obtain Export Credit Guarantee Corporation of India
(ECGC) cover for upcoming shipments to specified regions by providing 95 per
cent risk coverage. The benefit is available for Standalone Policies and Whole Turnover
Policies obtained on or after March 16, 2026. Under this component, the premium
payable by eligible exporters is protected against increases beyond
pre-disruption levels during the eligible period. The covered cargo categories
include Full Container Load (FCL), Less than Container Load (LCL) and
refrigerated (reefer) containers, excluding energy shipments.
Exporters seeking coverage under the
RELIEF initiative are required to submit claims and supporting documents
through the ECGC customer portal at www.ecgcltd.in. Guidance on generating user IDs and passwords, completing exporter
registration and submitting claims under the initiative is available through
dedicated video tutorials on ECGC’s official YouTube channel, @ecgcltd7016.
Launched on March 19, 2026, RELIEF is
a targeted intervention to support Indian exporters facing extraordinary
freight cost escalation, higher insurance premia and war-related export risks
arising from disruptions in the Gulf and the wider West Asian maritime
corridor.
The extension of RELIEF underscores
the Government’s commitment to strengthening export resilience, sustaining
trade flows and supporting Indian exporters amid continuing geopolitical and
maritime logistics uncertainties.