Swedish Ships' Mortgage Bank - finances shipping companies with a significant Swedish interest.

<body bgcolor="#FFFFFF" text="#000000"> <h1>Swedish Ships' Mortgage Bank - finances shipping companies with a significant Swedish interest.</h1> <h2>The Bank can finance Swedish shipping companies and foreign shipping companies with a significant Swedish interest or influence.</h2> <p>The maximum loan term is 15 years. The loan must be paid off in full when the ship reaches the age of 20 years (unless there are special circumstances). Loans are to be secured by collateral in ships (or balances in or guarantee from a bank or the Swedish State). Loans may be granted for up to 70 per cent of the value the Bank estimates the vessel to have (in special cases 80 per cent). Interest rates are determined individually. Loans may in some cases be granted for up to 90 per cent of the value of the ship according to a special ordinance. Preference is to be given to smaller shipping companies. Lending takes place in foreign or Swedish currency at a floating or fixed interest rate.</p> <h3>Contact</h3> <p> PHONE: +46-31-80 61 60<br> FAX: +46-31-15 80 85</p> <p> ADDRESS: Swedish Ships´Mortgage Bank, Box 11010, SE-404 21 Gothenburg, Sweden</p> <p><a href="nav.html">Read more about Swedish Ships' Mortgage Bank</a> >> </p> </body>