Turnkey Plant Export Guarantee
Turnkey Plant Export Guarantee assists local companies in the export of turnkey machinery and provides performance bond and advance payment guarantee to foreign buyers to guarantee on-time delivery, installation, and testing of the machinery.
I.Applicants
Local machinery manufacturer, major trading companies, and construction companies.
II.Guarantee Conditions
- Method of Guarantee: Issuance of letter of guarantee or stand-by L/C
- Guarantee Amount: To be determined on a case-by-case basis by Eximbank depending on the applicant’s transaction contract.
- Guarantee Fee Rate: To be determined by Eximbank after referring to the standards used by local and foreign financial institutions for similar loans and condition of tender.
- Currency: According to the currency stipulated in the transaction contract.
- Security: The applicant should provide collateral or guarantor approved by Eximbank