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: 13 Nov 2013 | Removal date: open ended
Still in force

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.

Import loans
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 finance
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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

652 Water transport services of freight

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