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: 30 Nov 2015 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2015 and finances the delivery, assembly supervicion and commissioning of a 3000 HP offshore oil rig ('Lieferung, Montage?berwachung und Inbetriebnahme eines 3000 PS Offshore Bohrturms') to Azerbaijan. The benefitting German exporter is Bentec GmbH, Bad Bentheim.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (17 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 7 years. The financing institution is Landesbank Baden-W?rttemberg, Leipzig.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

493 Ships
8905 Lightvessels, firefloats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms.
890590 Other

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