New Delhi: 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, to provide risk coverage to export shipments due to the continuing Middle East conflict, according to an official statement issued on Monday, IANS reported.

Source: IANS

The extension has been undertaken in view of continued geopolitical disruptions in West Asia and their impact on maritime logistics across the Gulf and adjoining regions, the statement said, as reported by IANS and DevDiscourse.

Source: DevDiscourse

95%Risk coverage under Component II through ECGC
March 31, 2027New end date for the extended timelines
March 19, 2026RELIEF was launched

Component II 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, and the premium payable by eligible exporters is protected against increases beyond pre-disruption levels during the eligible period.

Source: IANS

The covered cargo categories include Full Container Load (FCL), Less than Container Load (LCL) and refrigerated (reefer) containers, excluding energy shipments. Exporters are required to submit claims and supporting documents through the ECGC customer portal, with guidance available through video tutorials on ECGC's official YouTube channel, the statement said.

Source: DevDiscourse

Launched on March 19, 2026, RELIEF is a targeted intervention to support Indian exporters facing extraordinary freight cost escalation, higher insurance premiums and war-related export risks arising from disruptions in the Gulf and the wider West Asian maritime corridor, IANS reported.

Source: IANS