HC Deb 20 June 2003 vol 407 cc494-6W
Dr. Cable

To ask the Secretary of State for Trade and Industry if she will list the payments made by the ECGD on contracts with a value in excess of £500,000 in each year since 1997, broken down by country. [119836]

Ms Hewitt

This question cannot be answered except at disproportionate cost. However, for each of the financial years 1997–98 to 2002–03 I have provided a list showing the total value of ECGD claims by each of the defaulting buyers' host countries.

Figures for 2002–03 are provisional.

ECGD Claims Payments 1997–98 to 2002–03
Sterling equivalent
Country 1997–98 1998–99 1999–2000 2000–01 2001–02 2002–03 Grand total
Kazakhstan 88,608 88,608
Kenya 48,059 14,522 1,462,896 8,554,364 1,259,150 2,908 11,341,898
Lebanon 9,278 26,784 36,061
Malawi 788,474 -6,203 273,809 1,056,080
Mexico 4,917,756 4,891,427 4,007,375 4,389,409 4,618,098 12,998,408 35,822,474
Myanmar 1,462,325 1,462,325
Nigeria 3,161,017 2,975,110 1,491,592 7,627,719
Pakistan 132,431 1,330,604 911,345 865,767 3,212,818 6,452,965
Papua New Guinea 281,264 281,264
Philippines 4,938,200 14,950,920 19,889,121
Russian Federation 51,338,444 44,356,694 38,542,408 2,813,649 20,350 137,071,545
Seychelles 805,748 3,890 597,703 1,228,176 193,601 2,829,118
Switzerland 1,873,183 12,458,353 14,331,536
Taiwan 281,219 256,764 235,545 773,528
Thailand 0 1,362,912 1,362,912
Turkey 354,684 678,794 1,033,478
Turkmenistan 1,730,917 797 1,731,714
USSR 14,012,568 10,538,118 9,610,478 2,708,565 29,923 36,899,651
Zaire 2,599,918 1,220,560 3,820,479
Zimbabwe 24,783 202,558 2,066,681 23,854,103 23,851,577 20,584,967 70,584,667
Grand total 155,635,994 143,624,378 294,808,938 298,002,487 249,952,289 261,449,499 1,403,473,584

Dr. Cable

To ask the Secretary of State for Trade and Industry if she will list the reinsurance contracts underwritten by ECGD including in each case(a) the reinsured party, (b) the underlying insured party and risk covered, (c) the cover provided and (d) the amounts paid in respect of these contracts, for each year since 1997. [119852]

Ms Hewitt

Since the start of 1997, ECGD has provided reinsurance to other Export Credit Agencies (ECAs) under Co-operation Agreements on 21 occasions in respect of medium/long-term business.

(a) Reinsured ECA (b) Underlying insured party Buyer type Market (d) Claims paid (£) Guarantee date
Coface (France) Matra Marconi Space UK Ltd. Corporate Singapore 0 1997
Coface (France) Matra Marconi Space UK Ltd. Public Taiwan 0 1997
Coface (France) MBDA UK Ltd. Sovereign Kuwait 0 1999
Hermes (Germany) VAI Industries (UK) Ltd. Corporate Brazil 0 2001
OND (Belgium) Kier Construction Ltd. Corporate India 0 2000
Hermes (Germany) Matcon Ltd. Corporate Croatia 0 1998
Coface (France) Cooper Rolls Ltd. Corporate United Arab Emirates 0 2000
Hermes (Germany) Powergen UK Plc Sovereign Mexico 0 1999
Hermes (Germany) VAI Industries (UK) Ltd. Sovereign Croatia 0 1999
Coface (France) Trane (United Kingdom) Ltd. Corporate Turkey 0 1999
Coface (France) Alstom Power UK Ltd. Corporate Algeria 0 2001
Coface (France) Alstom Power Plants Ltd. Sovereign Turkey 0 2001
Hermes (Germany) Motherwell Bridge Engineering Ltd. Corporate Dominican Republic 0 2000
Sace (Italy) Saipem UK Ltd. Corporate Russian Federation 0 2001
Oekb (Austria) VAI Industries (UK) Ltd. Corporate Brazil 0 2001
Sace (Italy) Skanska Construction UK Ltd. Sovereign Iran (Islamic Republic of) 0 2001
Sace (Italy) Shell research Ltd. Public Iran (Islamic Republic of) 0 2002
Hermes (Germany) Traffic Safety Systems Ltd. Sovereign Romania 0 2002
Export-Import Bank of the United States Rolls-Royce Plc Corporate Luxembourg 0 2002
Export-Import Bank of the United States Rolls-Royce Plc Corporate Israel 0 2002
Coface (France) MBDA UK Ltd. Sovereign United Arab Emirates 0 2002

(a) Reinsured short-term insurer (b) Underlying insured party Buyer type Market (d) Claims paid (£) Guarantee date
NCM Credit Insurance Ltd. Marconi Corporation Plc Corporate Germany 0 1998
NCM Credit Insurance Ltd. Royal Ordnance Plc Sovereign Singapore 0 1998
NCM Credit Insurance Ltd. BAE Systems (Defence Systems) Ltd. Public United Arab Emirates 0 1997
NCM Credit Insurance Ltd. Rolls-Royce Industrial Power (India) Ltd. Corporate Canada 0 1998

Under the terms of the privatisation of its short-term underwriting business in 1991, ECGD has provided reinsurance in respect of short-term business underwritten by UK NCM (Gerling) Credit Insurance Ltd.. on four occasions.

In respect of all 25 cases the cover provided has been reinsurance of all risks covered. The information requested on all cases is provided in the following two tables: