TNAG-1053-FCO40-1303-China-and-Hong-Kong-Working-Group-1981 — Page 32

5 COUNTER TRADE

While it is possible that Chinese lessees may require that lease

rentals are met by a counter trade arrangement, it is fundamental

to any support given by ECGD that any such counter trade arrangement

is entirely separate from the leasing contract, which itself must

impose an unconditional obligation on the lessee to pay rentals

in cash.

6 FURTHER INFORMATION

Exporters interested in the possibility of cover for leasing contracts

with China should contact Mrs P Jenkins 606-6699 Ext 662 for

further details.

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