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: 22 Sep 2016 | Removal date: 22 Sep 2018
Still in force

Trade finance

The Polish EximBank KUKE insured an export contract awarded to a Polish company having a total value of PLN 50.9 million (USD 13.36 million). The insurance more specifically covers a subcontract agreement for the supply of two harbour cranes to Algeria from Polish Vistal Gdynia S.A.

In this context, Eximbank stated: "KUKE provided supplier credit insurance covering not only the repayment of the 2-year receivables due to the Polish exporter resulting from the export contract but also pre-shipment risk."

The transaction was announced in a press release on 22 September 2016.

The GTA includes state guarantees, loans 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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