§ 69. Sir C. Osborneasked the President of the Board of Trade if he will make arrangements for the Exports Guarantee Department to pay small exporters within a month of the goods being exported, so as to help smaller businesses to finance increased exports; and if he will make a statement.
§ Mr. JayThe Export Credits Guarantee Department only makes payment in respect of losses covered by the policy. Claims become payable (depending on the circumstances) between four and six months after payment from the buyer becomes due.
This waiting period is needed in order to ascertain the relevant facts concerning responsibility for non-payment and the amount of loss.