Republic of Turkey / Export of cranes to Yapi Kredi Finansal Kiralama A.O.

July 8, 2022

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シ, Commercial risk 95シ

Infrastructure Group
Structured and Trade Finance Insurance Department
Tel: +81-3-3512-7674