1. Buy a first-hand ship: buy a new ship built by a shipbuilding company, which has passed the acceptance and obtained relevant temporary certificates, and is fully functional and can be put into use. The borrower raises part of the funds by itself, and the insufficient part applies to China Bank for a loan to pay the balance.
2. Buying a second-hand ship: If you buy a ship registered in the maritime department, the owner can completely dispose of it, and it can be traded and transferred normally in the second-hand market. The borrower will raise some funds by itself, and the insufficient part will apply for a loan from China Bank to pay the final payment.
3. Building a new ship: The borrower (shipowner) signed a shipbuilding agreement with the shipbuilding company, entrusting the shipbuilding company to build the unfinished or completed ship. The borrower raises part of its own funds, and applies for a loan from China Bank for the insufficient part to pay the costs and expenses incurred in shipbuilding, such as shipbuilding processing fees, materials fees and equipment fees.
To build a new ship, a construction license issued by the administrative department has been obtained, and one of the following conditions shall be met:
(1) The project progress or investment has reached or exceeded 40%.
(2) The self-raised funds shall not be less than 40% of the total investment, and shall be deposited in the Bank of China and promised to be supervised by the Bank of China.
4. Ship operating turnover rate:
The loan is used for the operation and turnover of the ship (including the ship under the personal name of the borrower and his wife, the ship under the name of the company with the borrower as the major shareholder, the borrower is not the major shareholder or controlling shareholder of the company, but the borrower is the ship's actual owner and operator), and mainly includes: paying the oil fee, customs declaration fee, maintenance fee, equipment renovation fee, personnel salary and other ship operating expenses, prepaid funds on behalf of customers, and capital requirements for buying and selling goods.
The operating expenses of the ship can be reasonably calculated according to the actual operating conditions, and the maximum shall not exceed the sum of the four-month operating expenses of the ship owned by the borrower; A valid transportation contract should be provided for the advance payment of funds on behalf of customers, and the contract should have relevant provisions for advance payment of funds; Those engaged in commodity sales should provide valid commercial contracts and other materials.
5. Other provisions on loan purposes:
Borrowers are allowed to use other channels for legal financing (including but not limited to borrowing from affiliated shipping companies or company controllers, borrowing from relatives and friends, financing from other channels, etc.). ) When buying ships (including first-hand and second-hand) and building new ships, the insufficient self-owned funds will be paid, and after the approval of the loan from Bank of China, it will be replaced by the loan from our bank.
If the borrower raises funds to replace our loan through other channels in the early stage, the use period of the loan funds shall meet the following conditions:
(1) Self-built new ship: In principle, the loan application date (the borrower's personal credit inquiry date) shall not exceed 9 months.
(2) Buying and selling ships (including first-hand and second-hand): In principle, the loan application date (the borrower's personal credit inquiry date) shall not exceed 6 months.
If the deadline is exceeded due to special circumstances, a reasonable explanation must be provided and sealed by the secondary branch.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
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