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Ecgd

Volume 407: debated on Friday 20 June 2003

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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]

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

Kazakhstan88,60888,608
Kenya48,05914,5221,462,8968,554,3641,259,1502,90811,341,898
Lebanon9,27826,78436,061
Malawi788,474-6,203273,8091,056,080
Mexico4,917,7564,891,4274,007,3754,389,4094,618,09812,998,40835,822,474
Myanmar1,462,3251,462,325
Nigeria3,161,0172,975,1101,491,5927,627,719
Pakistan132,4311,330,604911,345865,7673,212,8186,452,965
Papua New Guinea281,264281,264
Philippines4,938,20014,950,92019,889,121
Russian Federation51,338,44444,356,69438,542,4082,813,64920,350137,071,545
Seychelles805,7483,890597,7031,228,176193,6012,829,118
Switzerland1,873,18312,458,35314,331,536
Taiwan281,219256,764235,545773,528
Thailand01,362,9121,362,912
Turkey354,684678,7941,033,478
Turkmenistan1,730,9177971,731,714
USSR14,012,56810,538,1189,610,4782,708,56529,92336,899,651
Zaire2,599,9181,220,5603,820,479
Zimbabwe24,783202,5582,066,68123,854,10323,851,57720,584,96770,584,667
Grand total155,635,994143,624,378294,808,938298,002,487249,952,289261,449,4991,403,473,584

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]

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 partyBuyer typeMarket(d) Claims paid (£)Guarantee date
Coface (France)Matra Marconi Space UK Ltd.CorporateSingapore01997
Coface (France)Matra Marconi Space UK Ltd.PublicTaiwan01997
Coface (France)MBDA UK Ltd.SovereignKuwait01999
Hermes (Germany)VAI Industries (UK) Ltd.CorporateBrazil02001
OND (Belgium)Kier Construction Ltd.CorporateIndia02000
Hermes (Germany)Matcon Ltd.CorporateCroatia01998
Coface (France)Cooper Rolls Ltd.CorporateUnited Arab Emirates02000
Hermes (Germany)Powergen UK PlcSovereignMexico01999
Hermes (Germany)VAI Industries (UK) Ltd.SovereignCroatia01999
Coface (France)Trane (United Kingdom) Ltd.CorporateTurkey01999
Coface (France)Alstom Power UK Ltd.CorporateAlgeria02001
Coface (France)Alstom Power Plants Ltd.SovereignTurkey02001
Hermes (Germany)Motherwell Bridge Engineering Ltd.CorporateDominican Republic02000
Sace (Italy)Saipem UK Ltd.CorporateRussian Federation02001
Oekb (Austria)VAI Industries (UK) Ltd.CorporateBrazil02001
Sace (Italy)Skanska Construction UK Ltd.SovereignIran (Islamic Republic of)02001
Sace (Italy)Shell research Ltd.PublicIran (Islamic Republic of)02002
Hermes (Germany)Traffic Safety Systems Ltd.SovereignRomania02002
Export-Import Bank of the United StatesRolls-Royce PlcCorporateLuxembourg02002
Export-Import Bank of the United StatesRolls-Royce PlcCorporateIsrael02002
Coface (France)MBDA UK Ltd.SovereignUnited Arab Emirates02002
(a) Reinsured short-term insurer(b) Underlying insured partyBuyer typeMarket(d) Claims paid (£)Guarantee date
NCM Credit Insurance Ltd.Marconi Corporation PlcCorporateGermany01998
NCM Credit Insurance Ltd.Royal Ordnance PlcSovereignSingapore01998
NCM Credit Insurance Ltd.BAE Systems (Defence Systems) Ltd.PublicUnited Arab Emirates01997
NCM Credit Insurance Ltd.Rolls-Royce Industrial Power (India) Ltd.CorporateCanada01998

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: