ANNOUNCEMENT 30 Sep 2009

In September 2009, the German Export Crediting Agency announced its support of an export project concerning the delivery of a container ship to Cyprus.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Sep 2009 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in September 2009 and finances the delivery of a container ship ('Containerschiff') to Cyprus. The benefitting German exporter is J.J. Sietas KG Schiffswerft GmbH & Co..

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 (23 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 12 years. The financing institution is HSH Nordbank AG, Hamburg.

AFFECTED SECTORS

 

AFFECTED PRODUCTS