GIEK has guaranteed for loan issued by Export Credit Norway corresponding to 70 percent of the loan amount, while DNB has guaranteed for the last 30 percent.

The vessel is based on design and technology developed by Umoe when the company constructed vessels for the Norwegian navy. Umoe Firmus is the second vessel of its kind and the sister vessel of Umoe Ventus, which GIEK issued a buyer credit guarantee for in February.

The vessel is expected delivered in the very near future.

A buyer credit guarantee may be appropriate if you wish to offer, or your purchaser requests, financing in connection with an export contract. Read more about buyer credit guarantee here.

Photo: Umoe Mandal