§ Dr. CableTo 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 HewittThis 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.
495W
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. CableTo 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 HewittSince 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 496W
(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: