Angola Government INEA Road Works
Division
[ANGOLA]
Over the course of three years, Nationwide Equipment sold financed and shipped over 160 pieces of “new”road building equipment comprised of dozers, loaders, graders, excavators, compactors, service trucks, dump trucks, trailers, rock crushers, temporary living quarters, spare parts, and support equipment totaling over $20 million to INEA, a division of the Angolan Government Road Works Department. To meet the project deadlines, Nationwide Equipment chartered an entire ocean liner to fill the demand as the machines had to be shipped together for arrival into Port Lobito Angola, in one batch. Nationwide Equipment coordinated the complete loading of the chartered vessel at Port Lobito, along with all local import procedures, customs clearances and inland logistical transportation of all equipment to the designated work sites in Angola. Nationwide Finance accepted customer’s deferred payment terms by Local Bank Gurantee.
Financing: Arranged by Nationwide Finance which successfully
raised required ofshore capital on behalf of (BPC) Banco de
Poupança e Crédito Angola.
Dollar Amount for 2006: $5,200,000 (millions)
Dollar Amount for 2008: $13,800,000 (millions)
