Overseas investment insurance

Japanese: 海外投資保険 - かいがいとうしほけん（英語表記）overseas investment insurance

This insurance was established in May 1970, following the amendment of the Export Insurance Law, by integrating Overseas Investment Principal Insurance and Overseas Investment Profit Insurance. The former was established in 1956 to compensate for losses incurred when the principal invested overseas was lost or confiscated by the host government due to unforeseen circumstances such as war or civil unrest in the country of investment, while the latter was established in 1957 to compensate for losses incurred when dividends from overseas investment could not be remitted to Japan for more than two years. As overseas investment became more popular, its value was reaffirmed, and the contents were improved by the amendment of the law in 1970, and Overseas Investment Insurance was established. In January 1972, in order to ensure stable imports of mineral resources, loans to non-management controlled companies (loans for mineral purchases) were also included as insurance targets, and credit risks were also covered in addition to political risks. In 1987, the law was amended to expand the scope of credit risk guarantees, and the name was changed from the Export Insurance Law to the Trade Insurance Law. (→Loans for mineral purchases and loans for oil purchases)

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

海外投資元本保険と海外投資利益保険とを一本化して，1970年5月に輸出保険法の改正に伴って設立された貿易保険。前者は海外に投資した元本が投資先で戦争や内乱など不測の事態にあって損害を受けたり，相手政府に没収されたりしたときの損害補償のために 1956年に設立され，後者は海外投資により生じる配当金を2年以上日本に送金することができなくなったためにこうむる損失を補償する目的で 57年に設立されたものであるが，海外投資が盛んになるに伴いその存在価値が再認識されて，70年の法改正により内容も改善され，海外投資保険の設立となった。 72年1月からは鉱物資源の安定的輸入をはかるため，非経営支配会社に対する融資 (融資買鉱のための融資) をも保険の対象として加え，また従来の政治危険とともに信用危険も担保することとなった。さらに 87年には信用危険保証の対象範囲を拡大するなど法改正を行い，名称も輸出保険法から貿易保険法と改めた。 (→融資買鉱と融資買油 )

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