MenuClose

  • JP
  • SearchClose
Home
About JBIC
About JBIC

This page introduces information on JBIC's role and organization.

Close

Support Menu
Support Menu

JBIC offers a range of financial products and other services to our clients.

Close

Business Areas
Business Areas

Information about JBIC's activities in each business area and its efforts for environmental conservation.

Close

Public Information
Public Information

Various reports compiled and contributed by JBIC

Close

Press Releases
Press Releases

Close

Investor Relations
Investor Relations

This page introduces information on JBIC's investor relations.

Close

Buyer's Credit for Export of Ship to San Isidro LNG I B.V. of the Netherlands
Supporting Export of LNG Carriers Built by Japanese Shipbuilders

  • Region: Europe
  • Marine and Aerospace
  • Export Loans
July 21, 2016
  1. The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) signed on July 20 a buyer’s credit agreement for the export of a ship, based on project financing*1 , with San Isidro LNG I B.V. (San Isidro), a Dutch entity in which IMABARI SHIPBUILDING CO., LTD. (IMABARI SHIPBUILDING) and Mitsubishi Corporation each holds a 50% stake. The loan is cofinanced with Mizuho Bank, Ltd. (lead arranger), with Nippon Export and Investment Insurance (NEXI) providing insurance for the portion financed by the private financial institution.
     
  2. The loan is intended to provide the funds for San Isidro to purchase one LNG carrier constructed by IMABARI SHIPBUILDING. The purchased LNG carrier will be chartered to Gas Natural Fenosa Group, the largest gas company in Spain.
     
  3. The LNG carrier is IMABARI SHIPBUILDING’s top-of-the-line model, equipped with the company’s largest capacity tank (178,000㎥), as well as greatly improved fuel efficiency which is realized by a highly-efficient propulsion system.
     
  4. This loan is intended to support the export of ships constructed by a Japanese shipbuilder which serves a significant role in the regional economy and its associated industries, including mid-tier enterprises and small- and medium-sized enterprises (SMEs). The loan will thus contribute to maintaining and strengthening the international competitiveness of the Japanese shipbuilding industry.
     
  5. As Japan's policy-based financial institution, JBIC will continue to financially support the export of ships built in Japanese shipyards in partnership with the Shipbuilders’ Association of Japan by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.
Note
  1. *1 Project finance is a financing scheme in which repayments are made solely from the cash flows generated by the project.

Related Information

Search press releases

Fiscal Years
Sectors
Region
Finance Menu