 Purpose
Construction, acquisition and modernization of fishing
vessels.
In accordance with the support conditions to operations, with FMM resources, for industrial fishing vessels, established by Decree No. 5.474/05, of 06.22.2005 (which rules Law No. 10.849, of March 23, 2004, which creates the Financing Program for Expansion and Modernization of Brazilian Fishing Fleet [Profrota Pesqueira], institutes the Profrota Pesqueira Manager Group and gives other provisions) and by CMN Resolution No 3.293, of 06.28.2005.
Clients
For the conceptualization and determination of the size of the industrial fishing companies the Constant definition of the article 1 of Decree 5.474/05 of 06.22.2005 shall be used. The industrial fishing companies are considered, thus defined as being corporations, the individuals compared to corporations and the cooperatives that are dedicated to the fishing activity, ranked by size, as below:
Micro enterprise: the one with annual gross revenue up to R$ 433,755.14;
Small Enterprise: the one with annual gross revenue from over R$ 433,755.14 to R$ 2,133,222.00;
Medium Enterprise: the one with annual gross revenue from over R$ 2,133,222.00 to R$ 8,000,000.00;
Large Enterprise: the one with annual gross revenue superior to R$ 8,000,000.00;
Cooperatives and associations of miniproducers: the ones with at least seventy per cent of the active social chart constituted by miniproducers;
Cooperatives and associations of small producers: the ones that, not being cooperatives or associations of miniproducers, have their active social chart constituted by at least of seventy per cent of mini and small producers;
Cooperatives and associations of medium producers: the ones that, not being cooperatives or associations of mini and small producers, have their active social chart constituted by at least seventy per cent of mini, small and medium producers; and
Cooperatives and associations of large producers: the ones that, not being cooperatives of associations of mini, small or medium producers, have in their active social chart with the participation of large producers.
Interest Rate
Fixed interest rate of 12% per year for large size enterprises; 10% per year for medium size enterprises; and 7% per year for micro and small enterprises. For interest rate application effect the following rule shall be
noted:
The cooperatives and associations of mini and small producers compare to micro and small size enterprises;
The cooperatives and associations of medium producers compare to medium size enterprises;
The cooperative and associations of large producers compare to large size enterprises.
 Periods, Share Levels and Interest Rate
|
Purpose |
Grace Period |
Amortization Period |
Maximum Participation |
Interest Rate
(% p.a.) |
| Industrial fishing companies in the financial support to construction and simultaneous equipage of
vessels. |
Up to 3 year, including construction
period. |
Up to 18 years, including the grace period, in equal and successive annual installments, to be established according to the payment capacity of the
beneficiary. |
Up to 90% of the financeable items of the approved project |
Large Size: 12%
p.a.;
Medium Size:10% p.a.;
and Micro and Small: 7% p.a. |
| Industrial fishing companies in the financial support to the vessels acquisition, built not later than five years, destined to the ocean fishing fleet
amplification. |
2 years |
Up to 14 years, including the grace period, in equal and successive annual installments, to be established according to the payment capacity of the
beneficiary. |
Up to 50% of the vessel
value. |
Large Size: 12%
p.a.;
Medium Size:10% p.a.;
andMicro and Small: 7% p.a. |
| Industrial fishing companies in the financial support to vessels modernization, including the conversion, adaptation (repairing or jumborization*) and equipage (acquisition of fishing equipment or
tools). |
Up to 3 years, including construction
period. |
Up to 10 years, including the grace period, in equal and successive annual installments, for the vessels conversion and adaptation for jumborization and conversion purposes, according to the payment capacity of the
beneficiary. |
Up to 90% of the financeable items of the approved
project. |
Large Size: 12% p.a. |
| Up to 2 years, including the work period. |
Up to 5 years, including the grace period, in equal and successive annual installments, for the vessels adaptation for repairing purposes, according to the payment capacity of the beneficiary. |
Medium Size:10% p.a. |
| Up to 2 years, including the equipage period. |
Up to 5 years, including the grace period, in equal and successive annual installments, for the vessels equipage, including the acquisition and installation of fishing equipment or tools, according to the payment capacity of the beneficiary. |
Micro and Small: 7% p.a. |
| * Jumborization is the increase of load capacity. |
Addressing
The projects of construction, acquisition and modernization of fishing vessels shall be forwarded firstly to the Special Department of Fishing and Aquaculture of the Republic Presidency, for analysis of the merit, habilitation and homologation. After the relevant procedures in the ambit of the Special Department of Fishing and Aquaculture of the Republic Presidency, when it comes to resources financing of FMM, the projects shall be forwarded to the Directing Commission of the Merchant Navy Fund [CDFMM], for analysis and
approval.
Directing Commission of the Merchant Navy Fund [CDFMM]:
Av. Rio Branco, 103/7º and 8º floor
20040-004 - Rio de Janeiro - RJ
Tel.: (21) 2505-8406 or 2505-8408
In case CDFMM gives priority to the project, it will forward notices to the companies and to BNDES communicating such decision. From this notice, present to BNDES the support request through the Letter of Inquiry, filled out according to the directions of the
Guide
on Information for Previous Consulting for, addressing it to:
Banco Nacional de Desenvolvimento Econômico e Social [BNDES]
Área de Planejamento [AP]
Departamento de Prioridades [DEPRI]
Av. República do Chile, 100 - Protocolo - Térreo
20031-917 - Rio de Janeiro/RJ.
See also:
 Financing for Merchant Navy and Naval Construction
FINEM
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