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    Boa gets some of its money back

    Company News // February 12, 2016

    Boa PSV AS, a 100 per cent owned subsidiary in Boa Offshore group, has today received 50 per cent of the principal amount of the advance payments it made for a cancelled subsea vessel from one of banks of the yard involved.
     
    The remaining 50 per cent is a refund guarantee from another of the yard's banks.

    BOA said it will continue the legal process of collecting the remaining principal amount including interest.
     

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