Global Trade Alert
Global Trade Alert

United Kingdom: UKEF provides advance payment guarantee for Supacat contract in Australia

Announcement

22 Sep 2016

On 22 September 2016, the UK Export Finance agency (UKEF) announced it would provide an advance payment guarantee for exports of military purpose vehicles to Australia.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Sep 2016

Revocation date:

No revocation date

Updated: 22 Sep 2016
Local value added incentive In force

According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.

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Updated: 22 Sep 2016
Trade finance In force

The advance payment guarantee - worth 10 million GBP - was required for a contract signed by the British military vehicle manufacturer Supacat with the Australian government.

The Finan...

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