IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Sep 2015 | Removal date: open ended
Still in force

Trade finance

On 4 September 2015 the Japan Bank for International Cooperation (JBIC) signed a USD 60 million buyer's credit agreement with Singaporean IMC Holdings Limited to purchase four multipurpose vessels. The Japanese shipbuilding company Oshima Shipbuilding Co., Ltd. is contracted to build the vessels. A number of commercial financial institutions will additionally finance the purchase. Thegovernmental Nippon Export and Investment Insurance will insure this co-financed portion.
In this context JBIC stated: 'These loans are intended to support the export of ships built in a Japanese shipyard that performs a significant role in the regional economy and associated industries, including their mid-tier enterprises and small and medium-sized enterprises'
 
Buyer's credit agreements
JBIC provides direct loans named buyer's credit to overseas importers. Loans are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank hereto stated that these loans are intended to 'positively contribute to Japanese companies'. Further information can be found on the Bank's website under export loans.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

493 Ships
8901 Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods.
890110 Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferryboats of all kinds
890120 Tankers
890130 Refrigerated vessels, other than those of subheading 8901.20
890190 Other vessels for the transport of goods and other vessels for the transport of both persons and goods

Please report this page in case you detect an inaccuracy in its content.