Embark on a journey of knowledge! Take the quiz and earn valuable credits.
Challenge yourself and boost your learning! Start the quiz now to earn credits.
Unlock your potential! Begin the quiz, answer questions, and accumulate credits along the way.
Embark on a journey of knowledge! Take the quiz and earn valuable credits.
Challenge yourself and boost your learning! Start the quiz now to earn credits.
Unlock your potential! Begin the quiz, answer questions, and accumulate credits along the way.
+10 pts
What is Supplier Credit Guarantee Program mean?
The Supplier Credit Guarantee Program (SCGP) is a US Export Credit Guarantee Program that covers credit terms up to 180 days. The Commodity Credit Corporation (CCC) guarantees a portion (up to 65%) of payments due from foreign buyers under financing that the exporters have extended directly to the buyers. These direct credits must be secured by dollar-denominated promissory notes signed by the importers.
If an importer fails to make any payment as agreed, the exporter or assignee (e.g., a U.S. financial institution) must submit a notice of default. The CCC pays any filed claim for loss, if found to be in good order. The SCGP targets specific U.S. agricultural products, with an emphasis on high-value products and market growth potential.
referencePosted on 16 Nov 2024, this text provides information on Miscellaneous in General related to General. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
Turn Your Knowledge into Earnings.
Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.
OPEN APP
Click "Allow Notifications" in Your Browser to Access Quiz and Earn Rewards! 🚀
Write Your Comments or Explanations to Help Others