Export credits

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

 

updated: 30 November 2015 - 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”, which are annexed to the Arrangement.

The six existing Sector Understandings cover export credits in the area of (I) ships, (II) nuclear power plants, (III) civil aircraft, (IV) renewable energy, climate change mitigation and adaptation, and water projects, (V) rail infrastructure, and (VI) coal-fired electricity generation projects.

These Sector Understandings reflect the fact that such sectors need specific, tailor-made financial disciplines to meet their construction and financing requirements, market needs, and appropriate financing practices, as well as to ensure coherence with Participants’ domestic policies and international commitments.

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

However, as an exception to this principle, the Aircraft Sector Understanding (ASU) 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

CFSU

Latest version agreed

2005

2009

2011

2014

2014

2015

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

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

SU  managed by

The OECD Working Party n°6

The Participants to the Arrangement

Its own Participants

The Participants to the Arrangement

 

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
- CFSU terms and conditions (mandatory for projects covered by the CFSU)

+

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

 

Related Documents