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Green Compliance

Green Compliance

One-stop Integrated Support Program for Eco-friendly Ship Conversion

One-stop support package providing diagnostics, consulting, and financing to help national carriers transition to eco-friendly fleets.

Features

All-in-One Support Track : Combining expert market, green consulting with specialized ship financing and government subsidy programs.

Requirements

Requirements
CategoryDetails
Target Applicants International Ocean Freight Carriers (under Korea’s Marine Transportation Act))
* (Exception) Domestic Freight Carriers introducing eco-friendly fuel bunkering vessels
Eco-friendly Standards At least one of the following
  1. ① Grade 3 or above in Eco-friendly Vessel Certification
    (under Korea’s Rules on Eco-Friendly Vessel Standards and Certification)
  2. ② Eco-friendly fuel-powered vessels (Methanol, LNG, Hydrogen, LPG, Ammonia, etc, including DF engines)
  3. ③ Second-hand vessels proven eco-friendly through green equipment installation
Terms & Conditions In accordance with the KOBC’s internal policies
Funding Limit Within the annual project budget of the KOBC
Green Compliance

Environmental Compliance Assistance Voucher

A support program that subsidizes a portion of service fees for specialized maritime environmental regulatory solution providers to assist small and medium-sized shipping companies in their transition to their eco-friendly, de-carbonized operations

CESS Center

Key Features & Benefits

  • Real-time Vessel Monitoring
  • Automated Reporting for IMO DCS and EU ETS
  • Carbon Emission Forecasting
  • Vessel Operational Safety Management
  • Regulatory Compliance Solutions

Overview

Overview
CategoryDetails
Eligible Vessels Vessels of 5,000GT or more owned by SME shipping companies currently utilizing the Corporation’s investment Guarantees
Funding Scale “50% of the solution cost, up to a maximum of KRW 10 million per vessel”
Solution Providers LABO21, MARINA CHAIN, AllSeaData Inc, EES Co Ltd, MAPSEA, ECO MARINE

Support Structure

Green Compliance

Environment-friendly
facility improvement
Secondary conservation
/Special guarantee

Environment-friendly facility improvement secondary conservation program is a system in which the government (Ministry of Maritime Affairs and Fisheries) conserves a part (2%) of interest in response to strengthening environmental regulations of the International Maritime Organization (IMO).
The KOBC supports installation of eco-friendly facilities by providing special guarantees for improvement of environment-friendly facilities for purpose of streamlining financial support.

Feature and Benefit

  • Promote financial availability and reduce financial costs through the KOBC's guarantee
  • Promote policy effectiveness link with the government's secondary conservation project

Main support and condition

Main support and condition
ClassificationDetails
Eligibility Of outbound cargo transportation service providers, the KOBC's credit rating is B- or higher
Target ship Owned ships (including BBCHP ships) and charter ships (BBC ships; however, sign a charter hire contract longer than the loan period)
Subject to guarantee The principal/interest of the loan contract
Guarantee ratio Within 100%
* However, within 100% of small and medium-sized shipping companies with a credit rating of 'B+~B-
Guarantee period Six years (1 year deferral, 5-year equal share of principal)
Loan ratio Environment-friendly facilities* Within 80% of the installation fund (20% or more of one’s own money)
Guarantee rate Guarantee rate by credit rating of the KOBC(1.3% ~ 1.7%)
AAA ~ A- : 1.3%, BBB+ ~ BBB- : 1.5%, BB+ ~ B- : 1.7%

Structure of support

Support structure
Sitemap Direction
KO EN

C1-7F, 38, Marine city 2-ro, Haeundae-gu, Busan, 48120, Republic of Korea

Tel : +82-51-795-1500 / Fax : +82-51-795-1499

CEO : Ahn Byung-gil, Business Registration No.:669-82-00218

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