Republic of Turkey / Export of cranes to Yapi Kredi Finansal Kiralama A.O.
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) has decided to provide insurance for a loan made to Yapi Kredi Finansal Kiralama A.O. (YKL) in the Republic of Turkey (Turkey).
This project will provide the funds needed for a Turkish port company Yilport Holding A.S. to purchase four harbor container cranes produced by Mitsui E&S Machinery Co., Ltd., through a finance lease by YKL. The loan will be extended in the form of co-financing by BNP Paribas, Tokyo Branch and Japan Bank for International Cooperation (JBIC), and NEXI will provide insurance for a portion offered by BNP Paribas, Tokyo Branch.
As an official export credit agency in Japan, NEXI will continue to actively support exports by Japanese companies.
Insured | BNP Paribas Tokyo Branch |
Insured Value | Approx. USD 10 million |
Covered Risks | Political risk 100%, Commercial risk 95% |
Contact
Infrastructure Group
Structured and Trade Finance Insurance Department
Tel: +81-3-3512-7674