On 31 March 2016, the Japan Bank for International Cooperation (JBIC) signed an USD 133 million overseas investment loan agreement with Singaporean Rosewood Shipping Pte. Ltd. (Rosewood) in project financing. The company is a subsidiary of the Japanese company Nippon Yusen Kabushiki Kaisha.
 
The loan finances Rosewood's shipping business of LNG tankers, which will mainly be used for transporting LNG produced by the Cameron LNG project located in the United States. JBIC has previously provided similar loans for this project, respectively in August 2014 and December 2015. See related measures.
 
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.