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: 21 Dec 2017 | Removal date: open ended

Trade finance

On 21 December 2017, the KfW IPEX-Bank announced providing EUR 686 million (USD 814.32 million) for the construction of two cruise ships constructed at the Meyer Turku shipyard in Finland and purchased by the American company Royal Caribbean Cruises Ltd. Several German manufacturers will supply ship parts for the construction of the cruise ships including the hull and the main engine which will be supplied by the Neptun Werft shipyard in Rostock, Germany.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

421 Structural metal products & parts
7308 Structures (excluding prefabricated buildings of heading 94.06) and parts of structures (for example, bridges and bridgesections, lockgates, towers, lattice masts, roofs, roofing frameworks, doors and windows and their frames and thresholds for doors,
730890 Other
429 Other fabricated metal products
7326 Other articles of iron or steel.
732690 Other
8487 Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter.
848710 Ships' or boats' propellers and blades therefor
431 Engines & turbines & parts
8408 Compressionignition internal combustion piston engines (diesel or semidiesel engines).
840810 Marine propulsion engines
439 Other general-purpose machinery & parts
8487 Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter.
848790 Other

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