Credits for Foreign Currency Earning Services

International Transportation Marketing Credit Program

This program aims to provide financing to international transportation companies to increase their competitiveness and thus contribute to Turkey's foreign earnings. It is a short and medium term financing facility provided directly by Türk Eximbank to international transportation companies in order to reduce the transportation cost of exporting companies. Companies that have a certificate of authority for international transportation are eligible for this credit. The maximum repayment period is 18 months. The credit amount is 100% of freight to be realised in the credit period, but cannot exceed the company limit. The company limit is limited to a maximum of 20% of the freight revenue earned in the previous year, however the credit risk cannot exceed USD 2 millions. The interest rate is determined by Türk Eximbank.

Last saved: January 03, 2008