A long-term credit facility to finance Thai maritime businesses’ purchase of old or new ships. This facility is aimed to promote the development and utilization of Thai shipping fleet.

• Up to 7 years

• Up to 75% of the value of ship purchased.

• A Thai registered company, with majority shares owned by local Thai citizen.
• The loan must be used in purchasing new ships or ships not over 20 years old.
• The ship purchased must be registered in Thailand and carries the Thai flag.
• Must engage mainly in international cargo shipping.

• Company’s history and operating results
• Company’s financial statement and bank statement
• Specification of the ship to be purchased, such as vessel type, size, tonnage, age, etc.
• Other documents to testify the ship’s condition and pricing such as list of survey status, class maintenance certificates, and ship valuation certificates.
• Cash flow projections of the ships already owned and of those about to purchase.
• Safety Management Certificates (ISM Code)
• Collateral documents