Türkiye／Export of cranes to Yilport Holding A.S.
Supporting Export of Japanese Company’s Port Container Cranes to Portugal

Nippon Export and Investment Insurance (NEXI, Chairman and CEO: Atsuo Kuroda) has decided to provide insurance for a loan made to a Turkish port operator Yilport Holding A.S. (Yilport).

This loan will provide through Yilport, the funds needed for Liscont- Operadores De Contentores, S.A., a Portuguese subsidiary of Yilport to purchase four harbor container cranes produced by MITSUI E&S Co., Ltd. (MITSUI E&S) to be operated in Liscont, Portugal. The loan will be extended in the form of co-financing by ING Bank N.V., Tokyo Branch (ING Bank) and Japan Bank for International Cooperation (JBIC). NEXI will underwrite insurance for the loan offered by ING Bank.

Yilport has a long-standing relationship with Mitsui E&S and NEXI has previously provided loan insurance for the private financial institutions’ portions of the loans to provide the necessary funds for Yilport to purchase harbor container cranes from Mitsui E&S in 2014 and 2022². As one of the leading global terminal operators, Yilport aims to expand its business around the world beyond Türkiye and further business opportunities for Japanese companies are expected.

NEXI, as a governmental financial institution of Japan, will continue to actively support exports by Japanese companies.

Reference

Insured	ING Bank N.V., Tokyo Branch
Insured amount	Approx. USD 17 million
Tenor	Approx. 10 years
Covered risks	Political risk 100％, Commercial risk 95％

² NEXI News Release, July 8, 2022.
　https://www.nexi.go.jp/en/topics/newsrelease/2022061402.html

Contact:
Infrastructure Group
Structured and Trade Finance Insurance Department
Tel: +81-(0)3-3512-7674