Post by account_disabled on Dec 27, 2023 6:07:48 GMT -5
EXIM BANK issues debt moratorium measures. Reduce the burden on exporters Fighting the Corona Virus Along with adding special benefits for export insurance services for exporters to the Chinese market. EXIM BANK suspends principal and interest payments for 6 months to reduce the burden on customers with long-term and short-term credit lines affected by the outbreak of the 2019 novel coronavirus, along with extending protection to exporters who have already exported. or is in the process of preparing to export to China Both exporters who already have an export insurance policy and those interested in using export insurance services. in order to mitigate the impacts that may occur Meanwhile, Thailand is entering the period where many fruits will be released to the market such as durian, mangosteen, longan, lychee in the next 3-6 months. Mr. Phisit Seriwiwattana, Managing Director The Export-Import Bank of Thailand (EXIM BANK) revealed that due to the situation of the outbreak of pneumonia caused by the 2019 new strain of coronavirus in the People's Republic of China, it has expanded widely. As a result, the Chinese government has had to enact strict measures to limit and stop the spread of the virus. By restricting travel and public transportation in many Chinese cities.
This will inevitably affect the export sector and businesses related to exports, such as logistics. EXIM BANK has therefore issued measures to help customers. Both credit and export guarantee To alleviate the impacts that are currently occurring and that may occur in the next 6 months. 1BC59DAF79DC80F3CB2166E4C7389D90 Credit support measures Both long-term and short-term loan customers can request a suspension of principal and interest payments for up to 6 months, as well as an extension of time to renew promissory notes beyond the term approved by the bank. Combined WhatsApp Number List with the original term of the ticket, it does not exceed 360 days. In the case of customers whose loans are guaranteed by the Small Industry Credit Guarantee Corporation (TCG) PGS Phase 5-7 can request an extension of the loan installment period for up to another 5 years. TCG's loan guarantee fee will not be charged for the extended period of 5 years from the date of expiration of the guarantee period with the original project. Affected customers can request services under the credit support measures from now until 31 December 2020. Support measures for export guarantees For EXIM BANK export insurance customers who have already exported or has received an order and is preparing for export, consisting.
Extending the payment period for which EXIM BANK provides maximum protection for a total of not more than 270 days (in the case of not exceeding 180 days, no additional costs will be required) 2 .Increasing protection for perishable products from buyers in China not accepting delivery of the products in special cases at the rate of 50% of the invoice value and 3. Reducing the time for considering compensation, which EXIM BANK will compensate. give immediately without having to sell or destroy the product first Interested customers and exporters can request services under the export guarantee support measures from now until 31 July 2020. China was Thailand's second most important export market in 2019, accounting for 12% of total export value. Important Thai export products to China that are expected to be affected include fresh, chilled, frozen and dried fruits, rubber products, cassava products, rice, automobile parts. Including raw materials used in the production of products such as plastic pellets and rubber.
This will inevitably affect the export sector and businesses related to exports, such as logistics. EXIM BANK has therefore issued measures to help customers. Both credit and export guarantee To alleviate the impacts that are currently occurring and that may occur in the next 6 months. 1BC59DAF79DC80F3CB2166E4C7389D90 Credit support measures Both long-term and short-term loan customers can request a suspension of principal and interest payments for up to 6 months, as well as an extension of time to renew promissory notes beyond the term approved by the bank. Combined WhatsApp Number List with the original term of the ticket, it does not exceed 360 days. In the case of customers whose loans are guaranteed by the Small Industry Credit Guarantee Corporation (TCG) PGS Phase 5-7 can request an extension of the loan installment period for up to another 5 years. TCG's loan guarantee fee will not be charged for the extended period of 5 years from the date of expiration of the guarantee period with the original project. Affected customers can request services under the credit support measures from now until 31 December 2020. Support measures for export guarantees For EXIM BANK export insurance customers who have already exported or has received an order and is preparing for export, consisting.
Extending the payment period for which EXIM BANK provides maximum protection for a total of not more than 270 days (in the case of not exceeding 180 days, no additional costs will be required) 2 .Increasing protection for perishable products from buyers in China not accepting delivery of the products in special cases at the rate of 50% of the invoice value and 3. Reducing the time for considering compensation, which EXIM BANK will compensate. give immediately without having to sell or destroy the product first Interested customers and exporters can request services under the export guarantee support measures from now until 31 July 2020. China was Thailand's second most important export market in 2019, accounting for 12% of total export value. Important Thai export products to China that are expected to be affected include fresh, chilled, frozen and dried fruits, rubber products, cassava products, rice, automobile parts. Including raw materials used in the production of products such as plastic pellets and rubber.