MARITIME & LOGISTIC SCHEME (MLF)

 

ITEM
DESCRIPTION
Objective To provide financial assistance to existing and new companies dealing with or involved in maritime related activities and services including aerospace and logistic activities.
Purpose
  1. To finance the acquisition of all type of brand new/second hand vessels or aircraft;
  2. To finance the acquisition of land, construction of shipyard/hangar infrastructure and its related machinery and equipment;
  3. To finance the acquisition of land, construction of building, plant and machinery of port, bonded warehouse, port yard and haulage for maritime activities and aerospace activities;
  4. To finance oil & gas related activities and services;
  5. To finance the asset acquisition for logistic services including warehouse, vehicles and related equipment;
  6. To part finance working capital requirements.
Fund Size
RM 1.5 billion
(An aggregate of RM500 million is allocated for Bumiputera companies across all schemes)
Availability
  • 1 January 2021 until 2023
  • Application received before 31 December 2023 is granted an extension until 31 March 2024 for approval process
Target Sector
Target Sector Companies that are involved in marine, oil & gas, aerospace and logistics related activities and services
Eligibility
  • Private Limited, Public Company and Cooperatives;
  • Majority ownership of 51% by Malaysian
  • Incorporated and registered in Malaysia
Facility Offered
  • Term financing
  • The scheme can be structured for syndication/club deal arrangements
Financing Purpose
  • For capital expenditure (CAPEX) and operating expenditure (OPEX)
Financing Tenure
  • CAPEX : up to 12 years
  • OPEX : up to 5 years
Margin of Financing
  • Up to 90%
Financing Amount
  • Financing amount is subject to BPMB’s evaluation and credit policies. Any application exceeding the maximum amount must obtain Board approval
  • As guidance, the fund available per customer may be determined based on the following categories:
    • Working capital requirements : up to RM100 million
    • Development of infrastructure : Up to RM150 million
  • The above may vary subject to the bank’s credit assessment.
Financing Rate
  • Government : COF + Margin – Subsidy of 2%
  • Commercial: BFR + Margin – Subsidy of 2%
  • Margin is up to 2% per annum. Effective rate is subject to the approving authority of BPMB
Profit Subsidy 2% per annum
Credit related Matters Subject to BPMB’s credit approval processes.