IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Jul 2014 | Removal date: open ended
Still in force

Trade finance

 On 16 July 2014, the German Eximbank KfW announced it would provide an export credit worth 1.6 billion EUR and will be used by the Miami-based Norwegian Cruise Line to purchase two new cruise ships. The ships will be manufactured by the Meyer Werft shipyard in Papenburg, Germany.
According to the press release, "KfW IPEX-Bank took on the structuring for the overall financing and its commitment of the overall loan amount has ensured the order for Meyer Werft. The loan is to be syndicated to an international consortium of banks" (cf. Sources).
The product at hand may be classified at the 6-digit level (890110). Since according to the UN Comtrade database, the United States did not have bilateral trade flows worth more than 1 million USD in 2013 for that 6-digit HS code, no affected jurisdiction has been selected.

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

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