The Export-Import Bank of China inked a deal with A.P.Moller Singapore for a 400 million USD worth of buyer's credit in Beijing to finance the latter's purchase of Chinese oil tankers in the next few years.

A.P.Moller-Maersk, one of the world's biggest shipping companies, began to buy various vessels made in China in 1996. It has so far taken 50 Chinese ships and is the foreign buyer placing the most orders in China.

China Exim Bank offers credit service to more than 90 percent of ships' export.

By People's Daily Online