Lag om statliga fartygsgarantier | 573 — Finland law | Esheria

Lag om statliga fartygsgarantier

The special financing company may grant ship guarantees to secure credit or other financing given directly or indirectly to Finnish companies engaged in shipbuilding or shipping.

Jurisdiction
Finland
Instrument
Act or statute
Citation
573
Version
Undated source snapshot
Language
sv
Official source
View official record ↗
administration credit guarantees employment fees guarantee administration guarantee credit guarantees information access kreditbegränsning regulatory commencement regulatory implementation risk protection secured lending ship financing shipbuilding shipping state guarantees state-backed financing valutaberäkning vessel guarantee

Statute overview

About this statute

The special financing company may grant ship guarantees to secure credit or other financing given directly or indirectly to Finnish companies engaged in shipbuilding or shipping. Statssgaranti får inte beviljas för att konsolidera kapitalet för vissa krediter, men kan i särskilda fall beviljas för kredit som använts för räntebetalning. Bestämmelsen beskriver också vad garantikredit för rederi- och skeppsbyggnadsverksamhet ska användas till. A ship guarantee may be used as security for the principal, interest, and other payments under the credit terms. A guarantee credit or vessel guarantee must have counter-security approved by the special financing company. The provision caps outstanding ship guarantee credits and protection arrangements at 1,350 million euro, excluding interest and other payments beyond principal, and sets rules for converting non-euro credit amounts.

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