Thefinancing to the tune of just under EUR 600m ($833.5m) will be paid in USdollars and has a term of 12 years from delivery.
The ship, which was ordered at Meyer Werft inPapenburg last October, is said to be costing Star around EUR 700m.
The financing isbacked by export credit insurance issued by the German Federal Government EulerHermes and encompasses the commercial interest reference rate (CIRR) for ships,which is determined by the OECD.
KfW,
