ANNOUNCEMENT 30 Nov 2009

In November 2009, the German Export Crediting Agency announced its support of an export project concerning the delivery of exhaust gas recirculation systems for nine container ships to the Republic of Korea.

NUMBER OF INTERVENTIONS

1

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

Trade finance

The export loan was announced in November 2009 and finances the delivery of exhaust gas recirculation systems for nine container ships ('Abgasr?ckgewinnungssysteme f?r 9 Containerschiffe') to the Republic of Korea. The benefitting German exporter is Siemens AG.

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

The maturity of the loan is not specified. The financing institution is not identified in this case.

AFFECTED SECTORS

 

AFFECTED PRODUCTS