Free Trial

Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher

US Ex-Im strengthens India ties

24 June 2009

US Ex-Im and the Federation of Indian Chambers of Commerce and Industry have signed a memorandum of understanding to expand trade.

Read more: [US Ex-Im MoU] [India US trade] [export credit US] [Federation of Indian Chambers of Commerce and Industry] [FICCI]

The Export-Import Bank of the United States (US Ex-Im) and the Federation of Indian Chambers of Commerce and Industry (FICCI) have signed an agreement committing to work together to expand the trade relationship between their two countries.

US Ex-Im chairman and president Fred Hochberg and FICCI secretary general Dr Amit Mitra signed the Memorandum of Understanding (MoU) at a ceremony at US Ex-Im headquarters. Also attending the event were FICCI President...


Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%