§ 65. Mr. Oramasked the President of the Board of Trade what is the maximum period of insurance offered by the Export Credits Guarantee Department to manufacturers of capital equipment wishing to export to the Union of Soviet Socialist Republics and Eastern Europe.
§ Mr. GreenThese countries are treated in the same way as any other market in respect of the length of credit which may be insured. The normal maximum is five years after delivery. Longer periods can only be considered in special circumstances, as when a foreign competitor is offering longer terms with official support, or when a project meets the strict criteria which govern applications for financial guarantees.