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      Question

      Which of the following is not covered under ECGC’s

      Standard Policy for exporters?
      A Commercial risks like buyer insolvency Correct Answer Incorrect Answer
      B Political risks like war or exchange restrictions Correct Answer Incorrect Answer
      C Loss due to delayed payment beyond 6 months Correct Answer Incorrect Answer
      D Export loss due to quality rejection by buyer Correct Answer Incorrect Answer
      E Cancellation of import license by importing country Correct Answer Incorrect Answer

      Solution

      ECGC policies do not cover losses arising out of contractual performance issues, like poor quality or specification disputes.

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