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: 12 Dec 2015 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and Panamanian RANS PACIFIC SHIPPING 4 S.A. was signed on 12 December 2014. The loan has a maximum value of JPY 10.752 billion (USD 90.91 million) in project financing. The Panamanian company is a subsidiary of Japanese Kawasaki Kisen Kaisha, Ltd.

The loan finances the Panamanian subsidiary's purchase of a liquefied natural gas (LNG) tanker, which will be used for the transportation of LNG for a project in North America implemented by Japanese CHUBU Electric Power Co., Inc. 

In this context, JBIC stated: "This loan supports the effort toward strengthening of energy value-chain by such Japanese companies from participating in LNG projects to transporting LNG..."

Overseas investment loans 
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment 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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