Export credits

Export Credits Sector Understandings (Ships, Nuclear Power Plants, Civil Aircraft, Renewable Energy, Climate Change Mitigation and Adaptation, and Water Projects, Rail Infrastructure)

 

updated: 7 July 2014 - Quick Link to this page: http://www.oecd.org/tad/xcred/sector-understanding.htm

In some sectors with special technical and financial characteristics, the financial disciplines applicable to officially supported export credits have been set out in separate agreements called “Sector Understandings”.

The five existing Sector Understandings cover export credits in the area of ships, nuclear power plants, civil aircraft , Renewable Energy, Climate Change Mitigation and Adaptation, and Water Projects, and rail infrastructure.

These Understandings reflect the fact that such sectors need disciplines, tailor-made to meet their construction and financing needs, market needs, appropriate financing practices and Participants’ policies.

As a matter of principle, the Sector Understanding on Ships (SSU), on Nuclear Power Plants (NSU), on Renewable Energy, Climate Change Mitigation and Adaptation, and Water Projects (CCSU) or on Rail Infrastructure (RSU), are not self-contained agreements and are read in conjunction with the Arrangement disciplines.

However, as an exception to this principle, the Aircraft  Sector Understanding is a self-contained agreement which operates with no recourse to any of the provisions of the Arrangement.

In a synoptic manner, the various SUs may be presented as follows:

 

SSU

NSU

ASU

CCSU

RSU

Latest version agreed

2005

2009

2011

2014

2014

Participants

Australia, the European Union, Japan, Korea, New-Zealand and Norway

Australia, Canada, the European Union, Japan, Korea, New-Zealand, Norway, Switzerland and the United States

Australia, Brazil, Canada, the European Union, Japan, Korea, New-Zealand, Norway, Switzerland and the United States

Australia, Canada, the European Union, Japan, Korea, New-Zealand, Norway, Switzerland and the United States

Australia, Canada, the European Union, Japan, Korea, New-Zealand, Norway, Switzerland and the United States

SU  managed by

The Working Party  n°6

The Participants to the Arrangement

Its own Participants

The Participants to the Arrangement

 

The Participants to the Arrangement

Applicable disciplines

- SSU terms and conditions

+

- Arrangement disciplines, if no corresponding provision exists in the SSU and if agreed by the WP6
- NSU terms and conditions

+

- Arrangement disciplines, if no corresponding provision exists in the NSU

ASU terms and conditions are self-contained

-CCSU terms and conditions

+

- Arrangement disciplines, if no corresponding provision exists in the CCSU

 

-RSU terms and conditions

+

- Arrangement disciplines, if no corresponding provision exists in the RSU