MarAd, Ex-Im Bank starts transportation freight financing program
The U.S. Maritime Administration and Export-Import Bank have developed a program to provide additional incentives for shippers to move their export cargo on U.S.-flag vessels.
Under this program, Ex-Im Bank provides guaranteed working capital loans for transportation-related cost associated with the export move that is carried on a U.S.-flag vessel.
According to MarAd, these transportation costs could include ocean freight, marine insurance, export packing, trucking, railroad or other costs involved in the movement export cargoes.
'These loans offer an incentive to use U.S.-flag vessels while concurrently improving cash flow for exporters, the freight forwarding industry and U.S.-flag carriers,' MarAd said.
For more information about the program, access https://marad.dot.gov/offices/cargo/TFF.htm.
MarAd, Ex-Im Bank starts transportation freight financing program
