CH Offshore details bareboat charter with purchase option

Contracts, Tenders and Rates - January 23, 2012

| More

The Board of Directors of CH Offshore Ltd says its subsidiary, Offshore Gold Shipping Pte Ltd (OGSP), has entered into a bareboat charter with a third party pursuant to which the charterer will charter from OGSP Aquamarine, a 2008-built 12,240 bhp anchor-handling tug supply vessel for a period of two years, with an option for the charterer to purchase the vessel at the expiration of the charter period.

In the event that the Board of Directors of OGSP, the Board of Directors of the company and/or the shareholders of CHO do not give approval for any reason whatsoever, the charterer shall have no right whatsoever to purchase the Vessel.

However, the charterer shall have an option to extend the charter for a period of two years at a charter hire to be mutually agreed between OGSP and the charterer.

If the Board of Directors of the company decides to proceed with the sale of the vessel, and the sale to the charterer constitutes a major transaction under Rule 1014 of the SGX-ST Listing Manual, the company will seek the shareholders’ approval at an extraordinary general meeting to be convened.

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

Offshore Marine Crewing
01-02 October 2014
Norway, Oslo.

FPSO Training Course Amsterdam
06-08 October 2014
Netherlands, Amsterdam.

Kuwait Oil and Gas Show and Confernce
12-15 October 2014
Kuwait, Kuwait.

Myanmar- Oil and Gas 2014
15-17 October 2014
Myanmar, Yangon.

Offshore Support Vessel Conference
20-21 October 2014
Norway, Oslo.

More events