Overview

Ship finance includes ship-related export buyer’s credit, seller’s credit, fixed asset investment loan and leasing loan.

Aviation finance includes aviation-related export buyer’s credit, seller’s credit and financial leasing.

Intermediary business includes aviation or ship-related Letter of Guarantee, Letter of Credit, sale and purchase of foreign exchange.

Credit Facilities

1.    Export Seller’s Credit for Ships

Export Seller’s Credit for ships refers to the loan facility provided to Chinese shipbuilders or their trading houses for financing their export of ships or repair and conversion of ships registered in foreign countries.

Qualified borrowers are Chinese shipyards or their trading houses registered with Chinese Administration of Industry and Commerce or its local offices, accredited with independent legal person status, and licensed to build ships for export and /or to repair and covert foreign registered ships.

2. Loan for Fixed Asset Investment of Ship Exporters

Loan for fixed asset investment of ship exporters, denominated either in Renminbi or foreign currencies, is designed to finance their fixed asset investment projects including rehabilitation and expansion of shipyards, technical renovation, equipment procurement for the purpose of improving technology and added value of exported ships.

Qualified borrowers include ship-related companies or project companies registered in China with independent legal person status, and with certain export volume and comparative advantages.

3. Export Buyer’s Credit for Ships

Export Buyer’s Credit for Ships is the loan facility provided to foreign ship-owners for their building, acquisition, conversion and repair of ships conducted in China. After more than 10 years’ operation, this product has developed into a competitive business of scale that is most internationalized in the Bank. 

4.  Working Capital Loan with Preferential Terms for Building Ocean Carriers and Offshore Equipment for Domestic Sales

This credit is designed to provide working capital loans with preferential terms to Chinese shipyards in support of their building of ocean carriers and offshore equipment for domestic sales. The operation of this credit follows the Bank’s regulation on Export Seller’s Credit for Ships and other relevant documents.

5. Aviation Finance

Aviation Finance refers to loans provided to Chinese companies for financing their export and import of aircrafts, engines, airframes, aviation raw materials and key components as well as to domestic and overseas borrowers for financing their international logistics infrastructure projects including construction of overseas airports and aviation industrial parks.

Aviation Finance includes seller’s credit and buyer’s credit for the export of aviation equipment, leasing loans for the import/export of aviation equipment, loans for the import of aviation equipment, loans for the import of aviation materials and key parts and components, and loans for infrastructure construction on logistics, transport and communication facilities (including domestic airports).

6. Import Credit for Ships and Aircrafts

a. Working Capital Import Credit

Working Capital Import Credit refers to loans, denominated either in Renminbi or foreign currencies, provided to Chinese companies for financing their imports of accessory equipment,  key parts and technology for ships  and aircrafts.

Qualified Borrowers include the companies that are registered with Chinese Administration of Industry and Commerce or its local offices and accredited with independent legal person status.

b .Fixed Assets Import Credit

Fixed Assets Import Credit refers to loans, denominated either in Renminbi or foreign currencies, provided to Chinese companies for their imports of -ships and aircrafts and the construction of related infrastructure facilities.

Prospective Borrowers include the companies that are registered with Chinese Administration of Industry and Commerce or its local office and accredited with independent legal person status.

7. Inland Ship Loan

Inland Ship Loan is a type of credit facility, denominated in either Renminbi or US Dollars, provided to Chinese ship owners for their procurement, acquisition, conversion and repair of vessels of all types in Chinese shipyards.

Qualified borrowers include Chinese-holding shipping companies, offshore drilling contactors, offshore service providers, leasing companies, project companies or other ship owning companies who plan to purchase, acquire, convert and repair of vessels of all types in Chinese shipyards.

8.Ship- and Aviation-Related Letter of Guarantee & Letter of Credit

Ship- and Aviation-related Letter of Guarantee and Letter of Credit include:

► Non-financing L/G related to ship and aviation business, such as bidding guarantee, performance guarantee, advance payment refund guarantee, quality guarantee and deferred payment guarantee with a term of no more than one year.

► Financing L/G such as loan guarantee and financial leasing guarantee.

►Other intermediary businesses such as L/C, sale and purchase of foreign exchange related to ship and aviation business.