ANNOUNCEMENT 31 Mar 2011

In March 2011, the German Export Crediting Agency announced its support of an export project concerning the delivery of a double-end ferry to Denmark.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Mar 2011 | Removal date: open ended

Trade finance

The export loan was announced in March 2011 and finances the delivery of a double-end ferry ('Doppelendf?hre') to Denmark. The benefitting German exporter is J.J. Sietas KG Schiffswerft GmbH u. 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 KfW IPEX-Bank GmbH, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS