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: 08 Aug 2012 | Removal date: open ended
Still in force

Trade finance

The buyer’s credit loan agreement between JBIC and Kazakh LLP Atyrau refinery has a maximum value of USD 178.5 million. Furthermore, the Governmental Nippon Export and Investment Insurance of Japan provides a Buyer's Credit Insurance for the portion cofinanced by a Japanese financial institution having a total value of USD 297.5 million. 

The loan finances the Kazakh company's purchase of fluid catalytic cracker (FCC) and associated plant equipment from Japanese Marubeni Corporation.

In this context, JBIC stated: "JBIC's support for the export of FCC and associated equipment by a Japanese company will lead to the creation of business opportunities in the oil refinery and petrochemical sectors, thereby contributing to maintaining and improving the international competitiveness of Japanese industries." 

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

439 Other general-purpose machinery & parts
8419 Machinery, plant or laboratory equipment, whether or not electrically heated (excluding furnaces, ovens and other equipment of heading 85.14), for the treatment of materials by a process involving a change of temperature such as heating, cooking, roasting
841940 Distilling or rectifying plant
841960 Machinery for liquefying air or other gases
841990 Parts

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