COVER FOR BRAZILIAN EXPORT RISKS
7th May 1954, Page 47
7th May 1954
Page 47
Page 47, 7th May 1954
— COVER FOR BRAZILIAN EXPORT RISKS
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IMITEDcover for exports to Brazil is to be resumed by the Export slits Guarantee Department, the vernment department providing trance against major export risks. ty suspended the issue of fresh cover Brazil in May, 1952.
'he cover will be limited to 80 per t. of the 'credit granted: the waiting iod before loss is ascertained will be 12 months. There will he no cover for goods not of United Kingdom origin and exchange-sale notes must be produced covering all payments due.
The existing scheme for cover on shipments of spare parts, the only form currently available, will continue to operate.
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Guarantee Department