21 Jan Title XI Federal Ship Financing Program

Posted at 21:34h in Federal, Loan, USA by
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Program Name: Title XI Federal Ship Financing Program

Resource Type: Federal

State: USA

Agency: Program Source: Loan

Description: This debt obligation guarantee program enables owners of eligible vessels and eligible shipyards to obtain long-term financing with attractive terms. Legislation permits guarantees for up to 87 ½ percent of the actual cost of new vessel construction or the development of technologies for use in shipyards. Funds for the guaranteed debt obligations are obtained in the private sector.

Website: www.marad.dot.gov/ships_shipping_landing_page/title_xi_home/title_xi_prog_description/title_xi_prog_description.htm