Presentation on theme: "Financing with the US Ex-Import Bank introduced by BOATS4EVER.COM LLC."— Presentation transcript:
Financing with the US Ex-Import Bank introduced by BOATS4EVER.COM LLC
Who is Ex-Import Bank… Ex-Im Bank is the official export-credit agency of the United States. The independent federal government agency helps to create and maintain U.S. jobs by financing the sales of U.S. exports, primarily to emerging markets throughout the world, providing loan guarantees, export-credit insurance and direct loans. In the last 5 years, Ex-Im Bank has completed nearly 11,000 financial transactions totaling $65.5 billion.
The Programme Fixed-Rate Term Financing for International Buyers Ex-Im Bank assists exporters by providing fixed-rate loans to creditworthy international buyers, both private and public sector, for purchases of U.S. goods and services. Enables international buyers to obtain loans from Ex-Im Bank Medium-term and long-term financing available Eligibility Ex-Im Bank’s loan to an international buyer is generally used for financing purchases of U.S. capital equipment and services, and exports to large-scale projects. Goods eligible for Ex-Im Bank financing must be shipped from the United States to an international buyer. Ex-Im Bank can do business in most markets. However, we may be limited or unable to offer financing in certain countries and under certain terms. Prior to approving certain transactions, Ex-Im Bank will take into account the economic impact of a particular transaction and the environmental effects.
The Programme Size: There is no minimum or maximum limit to the size of the export sale that may be financed with Ex-Im Bank’s loan. However, transactions normally involve amounts over $10 million. Coverage: The total level of Ex-Im Bank support will be the lesser of 85% of the value of all eligible goods and services in the U.S. supply contract or 100% of the U.S. content in all eligible goods and services in the U.S. supply contract. Cash Payment: Ex-Im Bank requires the buyer to make a cash payment to the exporter equal to at least 15% of the U.S. supply contract. The 15% cash payment can either be borrowed from a lender or the exporter at market terms, or be from the buyer’s own funds. Repayment Terms: Generally, the repayment term of a transaction is determined by numerous variables including but not limited to the borrower’s financial condition, the common repayment terms the market gives such products, specific industry practices, industry and country conditions, useful life, OECD and Berne Union agreements, and the matching of terms offered by other foreign government-sponsored financing. Repayment terms are generally in excess of seven years up to 18 years.
The Application Final Commitment (AP): If the contract has been awarded, only the international borrower may submit the final commitment (AP) application. Letter of Interest (LI): If the contract has not been awarded, then an exporter, an international borrower, or a lender may request a non-binding letter of interest (LI) containing Ex-Im Bank terms for the specific transaction. The LI is processed within seven working days, is valid for six months, and can be renewed. Preliminary Commitment (PC): In exceptional cases, Ex-Im Bank will accept an application for a preliminary commitment (PC). A PC is a non-binding expression of interest from Ex-Im Bank that the borrower's needs, as outlined in the application, generally meet Ex-Im Bank’s financing requirements. Fees LI Application Processing Fee – $100 PC Application Processing Fee – 0.1 of 1% of the financed amount Commitment Fee – 0.500% per annum on the undisbursed balance of the loan Ex-Im Bank Exposure Fee – Varies, depending upon tenor, country risk, and buyer credit risk. BOATS4EVER.COM LLC Administration Fee - 2.5% + expenses & legal fees
Additional The ‘Cost’ can include the steel fabrication, design and engineering fees, shipping with the Dock-Express trans-Atlantic for delivery, plus up to 30% additional for ‘local delivery and installation costs’. We have recently received an LOI for a European client with a 2.39% annual interest rate. Application presentation has more chances of approval when reviewed by our Washington DC law firm that specialises in these loans. Ex-Import Bank have a young, well educated, and aggressive staff and the President is demanding that they get money out NOW and create jobs NOW. Everything is fast-tracked and gets done quickly. We have met with the Ex-Im Bank Chairman and know the department heads personally. We can fast-track any real project.
US West Coast: Columbia Tower 701 Fifth Avenue, 42nd floor 98104, Seattle, WA (USA) Phone: +1(206) 262 7500 Fax: +1(206) 262 8001 email: firstname.lastname@example.org@boats4ever.com US East Coast: 245 First Street,18th Floor Cambridge, Massachusetts 02142 Phone: +1(617) 444 8754 Fax: +1(617) 444 8405 email:: email@example.com@boats4ever.com Singapore office: East-West Shipping Pte Ltd Mr.Ngiam Choong Kam 84 Genting Lane #07-06 Singapore 349584 Contact: +65-9456 8888 email:firstname.lastname@example.org@ships4ever.com Mediterranean representative: Capt.Thomas S. Wissmann Corso Cavalotti 86/110 18038 San Remo (IM), Italy Contact: +39-331 650 7212 email: email@example.com@boats4ever.com