AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The import loan agreement between JBIC and the Panamanian TRANS PACIFIC SHIPPING 3 S.A. has a total value of JPY 8.542 billion (USD 86.06 million) in project financing. The Panamanian company is a subsidiary of the Japanese company Kawasaki Kisen Kaisha, Ltd.
The loan finances the Panamanian subsidiary's purchase of an LNG tanker utilised for the transportation of LNG produced mainly from Australian LNG Projects to CHUBU Electric Power Co., Inc. in Japan. The loans generally have the objective to secure LNG for the Japanese industry, in this case, the Japanese company CHUBU Electric Power Co., Inc.
JBIC provides direct loans named import loan to Japanese importers or foreign exporters. Loans support trade transactions, which guarantee Japanese companies' acquisition of certain natural resources. Further information can be found on the Bank’s website under Import Loans.
Project financing loans include preferential terms such as repayments being solely made from the project’s cash flow generation and secured on the basis of the project's assets alone. As such the loan agreement is tied to the project's finances and not the company in question.
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.
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