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: 31 Jan 2014 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in January 2014 and finances the delivery of three gas and three steam turbines, including electro and control equipment ('Drei Gas- und drei Dampfturbinen sowie Elektro- und Leit-technik') in the Republic of Korea. The benefitting German exporter is Siemens AG, Offenbach.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 4. This category includes projects with a financing value between 101 and 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 101 million EUR (136 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 12 years. The financing institution is KfW IPEX-Bank GmbH, Frankfurt (ECA-Agent, 50 %) with Norddeutsche Landesbank Girozentrale, Hannover, acting through their Singapore branch (50%).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

431 Engines & turbines & parts
8406 Steam turbines and other vapour turbines.
840681 Of an output exceeding 40 MW
8411 Turbojets, turbopropellers and other gas turbines.
841122 Of a power exceeding 1,100 kW

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