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: 28 Mar 2014 | Removal date: open ended
Still in force

Trade finance

The buyer's credit agreement between JBIC and Turkish Yilport Holding A. S. has a total maximum value of JPY 3.6 billion (USD 35.01 million). Additionally, the loan is co-financed by a private financial institution amounting to JPY 6 billion (USD 58.35 million). The governmental agency Nippon Export and Investment Insurance will provide a Buyer's Credit Insurance for the co-financed portion.

The loan finances the Turkish company's purchase of 18 port container cranes from Japanese Mitsui Engineering & Shipbuilding Co., Ltd.

In this context, JBIC stated: "Through supporting the export of port container cranes by a Japanese company, this loan will contribute to maintaining and improving the international competitiveness of Japanese industries, as well as the improvement of Turkey's port infrastructure."

Buyer's credit agreements
JBIC provides direct loans named export credit lines to overseas importers. Loans are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank 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

435 Lifting & handling equipment & parts
8426 Ships' derricks; cranes, including cable cranes; mobile lifting frames, straddle carriers and works trucks fitted with a crane.
842619 Other

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