Indication Letters

INDICATION PROCEDURES

Indication procedures, for both insurance and finance products, involve three documents. Each document applies to a different stage in the contract negotiation process. They are as follows:

•Preliminary Response Letter

This letter is used to respond to enquiries made concerning cover and premium rate prior to your preparing a formal tender or offer for the contract concerned. While the letter will provide details of the current premium rates and the terms and conditions on which ECGD might be prepared to provide cover, it will contain no commitment to provide cover or hold the premium rate.

•Premium Rate Hold Letter

This letter is used when ECGD is advised that an exporter is in the process of preparing a formal offer or tender in pursuit of a particular contract. In common with the Preliminary Response Letter, the likely terms and conditions of any cover that ECGD might offer will be outlined and any known potential problems identified.

•Letter of Intent / Offer of Support

Once the exporter has secured its contract and ECGD has decided to provide insurance or give support to its financing, ECGD will issue a Letter of Intent. This letter commits ECGD cover.

If you require any further information, regarding the indication procedures please contact Simon Phillips on 020 7512 7170.

Please click here for information on ECGD Credit Terms.

Back To Top