This is a legal form that was released by the Export-Import Bank of the United States on May 1, 2008 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is a MGA-LP?
A: MGA-LP stands for Master Guarantee Agreement - Long Term Political Risk Guarantees.
Q: What is the purpose of a MGA-LP?
A: The purpose of a MGA-LP is to provide coverage against political risks in long-term projects.
Q: What does a MGA-LP cover?
A: A MGA-LP covers risks such as government interference, expropriation, currency inconvertibility, political violence, and non-honoring of sovereign financial obligations.
Q: Who can benefit from a MGA-LP?
A: Companies and investors involved in long-term projects in countries with political risks can benefit from a MGA-LP.
Q: How does a MGA-LP work?
A: Under a MGA-LP, the insurer provides a guarantee to the company or investor that they will be compensated for losses incurred due to covered political risks.
Form Details:
Download a printable version of Form MGA-LP by clicking the link below or browse more documents and templates provided by the Export-Import Bank of the United States.