The following is from another companies website but thought it relevant as it gives an idea of the application proecess with ECA. I am guessing it would be the same process for TNG.
http://www.altechchemicals.com/site...armichael Update Finance Report 23 Aug 16.pdf
"now at stage 7 of a 9 stage process" !
"ATC and KfW IPEX-Bank have already appointed due diligence consultants to the project who will make their report on the legal, technical and market aspects of the project available to the German Government for final approval. Once submitted the German Government make a decision and preliminary approval of ECA cover is communicated to ATC. This is legally binding subject to conditions precedent such as all permits being in place and equity financing complete."
" engaged with Euler Hermes and the German KfW IPEX-Bank for almost 9 months already and are now in the final phases of the financing process."
"Post Step 9, conditions precedent must be fulfilled to obtain closure and drawdown. These could relate to final approvals in Malaysia, obtaining the necessary equity portion of the project finance and other regulatory approvals for project commencement."
The following is from another companies website but thought it...
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