Overview

China Eximbank provides USD 400 million export buyer's credit facility to A.P. Moller Singapore Ltd. for the purpose of acquiring oil tankers

Commitments (Constant USD, 2023)$841,494,520

Commitment Year•2004Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 1, 2004

Stakeholders

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

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

A.P. Moller Singapore Ltd.

Loan description

China Eximbank provides USD 400 million export buyer's credit facility to A.P. Moller Singapore Ltd. for the purpose of acquiring oil tankers

Interest type•Unknown

Narrative

Full Description

Project narrative

In June 2004, China Eximbank agreed to provide a USD 400 million master loan facility to provide export buyer's credits to A.P. Moller Singapore Ltd. for the purpose of acquiring oil tankers built by Chinese ship manufacturers in proceeding years. The ships constructed through this specific facility are unclear.

Staff comments

1. This project is known as the Support for Oil Tanker Export Project. The Chinese project title is 成品油轮出口项目. 2. While AidData is able to confirm the existence of the loan facility, it is unable to determine which specific ships or projects were funded under this loan facility.