The objective of Shipbuilding Credit is to assist local shipbuilders to build ships and vessels, and to encourage local and foreign ship owners to purchase from local shipbuilders. The main conditions for credit are as follows:
ApplicantsDuly registered local shipbuilders, local or foreign ship owners, or buyers.
Credit AmountThe maximum amount shall not exceed 80 percent of the amount of the shipbuilding contract.
TenorTwo years during the shipbuilding phase and twelve years after delivery.
SecurityGuarantee from local or foreign financial institutions, or collateral approved by Eximbank.
CurrencyExcept for local spending that may require loans in NT dollar, the loan is in principle extended in US dollar.