{
  "url": "https://openlegislation.uk/eu-directive-1971-86/article-3",
  "json_url": "https://openlegislation.uk/eu-directive-1971-86/article-3.json",
  "legislation": "eudr/1971/86",
  "legislation_title": "Council Directive of 1 February 1971 on harmonisation of the basic provisions in respect of guarantees for short-term transactions (political risks) with public buyers or with private buyers (71/86/EEC)",
  "legislation_url": "https://openlegislation.uk/eu-directive-1971-86",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": null,
  "text": "1. Whatever the type of policy used, the harmonised provisions shall apply to transactions which:\ninclude either a credit risk of less than twenty-four months, or a credit risk and a guaranteed manufacturing risk where the cumulative period is less than twenty-four months; the manufacturing risk, however, must be of less than twelve months;\nare concluded with a public buyer or with a private buyer;\nare on a supplier credit basis.\n2. The provisions harmonised by this Directive concern only the guarantee in respect of political risks.\n3. The definitions of ‘public buyer’ and ‘private buyer’ contained in Article 3 of Directive No 70/509/EEC and in Article 4 of Directive No 70/510/EEC respectively shall apply.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/1971/86/article/3",
    "retrieved_at": "2026-11-01T15:23:52.569677+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}