§ Mr. Jessel
asked the Secretary of State for Trade what Export Credits Guarantee Department cover is available for exports to Tanzania.
§ Mr. Parkinson
Cover is generally available for exports of United Kingdom goods and services where the credit terms do not exceed 180 days and payment is secured by an irrevocable letter of credit. Cover for such exports on longer credit is considered case by case under section 2 of the Export Guarantees and Overseas Investment Act 1978.