Export Guarantees and Payments Act 1970
| Jurisdiction | UK Non-devolved |
| Citation | 1970 c. 15 |
| Year | 1970 |
Export Guarantees andPayments Act 1970
1970 CHAPTER 15
An Act to amend the Export Guarantees Act 1968, and to confer on the Board of Trade power to make grants for the purpose of reducing costs incurred or to be incurred, under export contracts or contracts related to export contracts, by persons carrying on business or other activities abroad.
[16th April 1970]
Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
1 Raising of limit on commitments Board of Trade under the Export Guarantees Act 1968.
1. In section 4(1) of the Export Guarantees Act 1968(which limits the aggregate of the liabilities of the Board of Trade and the sums paid by them for securities acquired and for the time being held by them in pursuance of that Act)—
2 Extension of power of Board of Trade to make arrangements for facilitating payments under export contracts and contracts related thereto, &c.
(1) Arrangements, under section 2 of the Export Guarantees Act 1968 (guarantees in the national interest, &c.), for facilitating the payment of sums payable under contracts with persons carrying on business in the United Kingdom, the Isle of Man or of that Act (encouraging ‘trade with other countries’) as for the purpose of rendering economic assistance to countries outside the United Kingdom, the Isle of Man and the Channel Islands, but such arrangements made for either of those purposes shall be limited to arrangements for facilitating payments in cases in which it appears to the Board of Trade to be...
Get this document and AI-powered insights with a free trial of vLex and Vincent AI
Get Started for FreeStart Your 3-day Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your 3-day Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your 3-day Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your 3-day Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your 3-day Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting