IMPLEMENTATION LEVEL

National

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: 02 Aug 2014 | Removal date: open ended
Still in force

Trade finance

On 2 August 2014, the Japanese Export Credit Agency NEXI announced a loan guarantee of USD 500 million for Petrobras of Brasil.
The purpose of the guaranteed loan is to finance the 12 ships needed in the new Floating Production, Shortage and Offloading (FPSO) system in Santos oilfield. Petrobras has ordered the ships for FPSO from the Brasillian shipbuilding companies EEP and ECOVIX-Engevix, which are partially owned by the Japanese Kawasaki Heavy Idustries and Mitsubishi Heavy Industries.
The loan guarantee has been issued for 12 years.

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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