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: 15 Jul 2016 | Removal date: open ended
Still in force

Trade finance

On 15 July 2016, the German Eximbank KfW announced it organised a 398 million AUD (ca. 300 million USD) loan as the mandated lead arranger. Meanwhile, the loan will be partially insured by the Finnish export credit agency Finnvera. That part of the loan will be used to purchase automatic cranes and software solutions from the Finnish company Cargotec Group.
There was no information about the insurance on Finnvera's website.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

435 Lifting & handling equipment & parts
8426 Ships' derricks; cranes, including cable cranes; mobile lifting frames, straddle carriers and works trucks fitted with a crane.
842611 Overhead travelling cranes on fixed support
842612 Mobile lifting frames on tyres and straddle carriers
842619 Other
842641 On tyres
842649 Other
842691 Designed for mounting on road vehicles
842699 Other

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