Overview

China Eximbank provides a $22.5 million USD loan to Rederiet Stenersen for the purchase of a 16,600-ton product finished oil and chemical tanker

Commitments (Constant USD, 2023)$47,334,067

Commitment Year•2004Country of Activity•NorwayDirect Recipient Country of Incorporation•NorwaySector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 29, 2004

Geospatial footprint

Map overview

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This loan supported the purchase of a product finished oil and chemical tanker by Rederiet Stenersen AS, which is headquartered at Solheimsgaten 13, Bergen. More detailed locational information can be found at: https://www.openstreetmap.org/node/8884021374.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

Rederiet Stenersen AS

Implementing agencies

State-owned companies

Jiangnan Shipyard (Group) Co., Ltd.

Guarantors

Private Sector

Nordea Bank Abp

Loan description

China Eximbank provides a $22.5 million USD loan to Rederiet Stenersen for the purchase of a 16,600-ton product finished oil and chemical tanker

Interest type•Unknown

Narrative

Full Description

Project narrative

Between September 27 to 29, 2004, the Export-Import Bank of China entered into a $22.5 million USD loan agreement with Rederiet Stenersen AS — a Norwegian shipping company and chemical tanker operator — to support the purchase of a 16,600-ton product finished oil and chemical tanker from Jiangnan Shipyard (Group) Co., Ltd. Nordea Bank Abp provided a repayment guarantee for this loan.