Export of Hitachi Construction Machinery to Republic of Kazakhstan
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Kazuhiko Bando) has decided to provide Export Credit Insurance to support a supplier credit transaction in which Hitachi Capital Corporation sells construction machinery manufactured by Hitachi Construction Machinery Co., Ltd. to Shubarkol Premium JSC of the Republic of Kazakhstan on deferred payment terms for a period of over two years.
With its abundant energy and mineral resources, Kazakhstan is a promising market for large-scale construction and mining machinery exports. Hitachi Construction Machinery’s excavators (worth hundreds of millions of yen) will be exported via Hitachi Capital to Shubarkol Premium on a long-term (five years) deferred payment basis.
(Photograph courtesy of Hitachi Construction Machinery Co., Ltd.)
Deferred payment is an important finance arrangement provided by an exporter, especially for a small-volume importer who has difficulty in borrowing from a bank for reasons such as disproportionate administrative burden. To help Japanese exporters offer deferred payment terms, NEXI provides Export Credit Insurance coverage for transactions on deferred payment terms of not less than two years.
As Japan’s government financial institution, NEXI will continue to actively support exports from Japanese companies.
| Insured | Hitachi Capital Corporation | ||
| Type of Insurance | Export Credit Insurance | ||
| Tenor (after shipment) | 5 years | ||
| Covered risks | Pre-shipment | Political risk 80% | Commercial risk 80% |
| Post-shipment | Political risk 100% | Commercial risk 95% | |
Contact:
Overseas Investment Insurance Underwriting Group,
Underwriting Department
Tel：03-3512-7668