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Financing for Merchant Navy and Naval Construction
Financing to Brazilian shipyards for the accomplishment of implantation, expansion and modernization projects and for the construction and repair of ships. Financing to domestic navigation companies for the ordering of vessels and equipment, repairs and the increase of cargo capacity with Brazilian naval constructors and to the Brazilian Navy.



Interest Rate

Financial Cost + BNDES Spread


Financial Cost: TJLP or American Dollar

BNDES Spread, Period and Level of Participation: according to the table below.


Vessels Not Registered in the REB (Special Brazilian Registry)
  Purpose Grace Period Repayment Period Maximum Share Interest rates (% p.a.)
Brazilian Navigation Company
Construction of vessel Up to 4 years Up to 20 years Up to 90% 2.5 to 5
Jumborization, conversion or modernization of own vessel Up to 4 years Up to 15 years Up to 90% 3 to 6
Acquisition and installation of equipment Up to 2 years Up to 5 years Up to 90% 3 to 6 if national contents is over 60%= 3 to 4 
Repair of own vessel Up to 1 year Up to 2 years Up to 90% 3 to 6
Projects for research and scientific or technological development and formation and improvement of human resources directed to Merchant Marine, construction or naval repair sectors Up to 2 years Up to 10 years  Up to 90% 1 to 3
Other Brazilian Companies
Repair of own vessel for commercial, industrial or extractive application in Brazilian shipyard Up to 1 year Up to 2 years Up to 90% 3 to 6
Construction, jumborization, conversion or modernization of any type of own vessel, of commercial, industrial or extractive application Up to 4 years Up to 15 years Up to 90% 3 to 6
Projects for research and scientific or technological development and formation and improvement of human resources directed to Merchant Marine, construction or naval repair sectors Up to 2 years Up to 10 years Up to 90% 1 to 3
Navigation Company
Construction or production of vessel destined to fluvial transport of passengers, of high social interest Up to 4 years Up to 20 years Up to 100% 1 to 3
Brazilian Shipyards
Repair of vessel Up to 1 year Up to 2 years Up to 90% 3 to 6
Production of vessel destined to a Brazilian navigation company or to export - Until the 5th business day following the foreign exchange closing related to the payment of the vessel price or at the maturity date established in the Production Financing Agreement, whichever takes place first Up to 90% 3 to 5
Expansion and modernization of shipyard installations Up to 2 years Up to 10 years Up to 90% 3 to 5
Construction of new shipyard installations Up to 2 years Up to 20 years Up to 90% 3 to 5
Construction or production of vessel destined to fluvial transport of passengers, of high social interest Up to 4 years Up to 20 years Up to 100% 1 to 3
Projects for research and scientific or technological development and formation and improvement of human resources directed to Merchant Marine, construction or naval repair sectors Up to 2 years Up to 10 years Up to 90% 1 to 3
Public entities, research institutions and other agencies, including the class representatives of merchant marine and naval construction sectors
Construction of auxiliary, hydrographic and oceanographic vessels, in Brazilian shipyard Up to 4 years Up to 15 years Up to 100% 3 to 5
Projects for research and scientific or technological development and formation and improvement of human resources directed to Merchant Marine, construction or naval repair sectors (inclusive of Brazilian private entities, including the class representatives of merchant marine and naval construction sectors) Up to 2 years Up to 10 years Up to 90% 1 to 3
Fishing
Individual or legal entity exploring artisanal fishing Up to 4 years Up to 20 years Up to 90% 1 to 3


Operations with FMM resources for Industrial Fishing Vessels


Vessels Registered or Pre-registered in the REB (Special Brazilian Registry)

  Purpose Qualifying period for benefits Amortization Period Maximum Participation BNDES Remune-
ration (% p.a.)
Construction Up to 4 years Up to 20 years Up to 90% 3 to 5
jumborization, conversion or modernization of vessel Up to 4 years Up to 15 years Up to 90% 3 to 6
Repair of vessels Up to 2 years Up to 5 years Up to 90% 3 to 6

In case of financing to projects with domestic contents over 60%, there will be a 0.5% p.a. reduction in interest rate. Computation of local contents should follow the BNDES System's standards in force.


Addressing 

The interested parties must, initially, forward an Inquiry on Priority to the Directing Commission of the Merchant Navy Fund - CDFMM, at:
Av. Rio Branco, 103/7º e 8º andar
20040-004 - Rio de Janeiro - RJ
Tel.: (21) 2505-8406 ou 2505-8408

In case the CDFMM grants priority to the project, it will forward documents to the company and to the BNDES communicating this decision. From this communication, the request for support must be presented to the BNDES through an Inquiry Letter, filled out according to the Guide on Information for Previous Consulting, sending it to:

Banco Nacional de Desenvolvimento Econômico e Social - BNDES
Área de Planejamento-AP
Departamento de Prioridades-DEPRI
Av. República do Chile, 100 - Protocolo - Terreo
20031-917 - Rio de Janeiro/RJ.




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