ANNOUNCEMENT 29 Feb 2016

In February 2016, 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: 29 Feb 2016 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in February 2016 and finances the export of a cruise ship ('Kreuzfahrtschiff') to the United Kingdom. The benefitting German exporter is Meyer Werft GmbH & Co. KG, Papenburg.

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

The maturity of the loan will be 12 years. The financing institution is HSBC Trinkaus & Burkhardt AG, D?sseldorf.

AFFECTED SECTORS

 

AFFECTED PRODUCTS