ANNOUNCEMENT 31 Dec 2010

In December 2010, the German Export Crediting Agency announced its support of an export project concerning the export of a cruise ship to the United Kingdom.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Dec 2010 | Removal date: open ended

Trade finance

The export loan was announced in December 2010 and finances the export of a cruise ship ('Kreuzfahrtschiff') to the United Kingdom. The benefitting German exporter is Meyer Werft GmbH.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 5. This category includes projects with a financing value of over 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 201 million EUR (269 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 12 years. The financing institution is a financial consortium, led by KfW IPEX-Bank GmbH, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS