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    Sale of Normand Skarven terminated

    Vessel & ROV News // January 20, 2009

    Solstad in Norway has announced that the proposed sale by its affilate Normand Skarven KS of its AHTS Normand Skarven to a foreign buyer has been terminated.

    Said Solstad: "The buyer has paid the deposit of 10 per cent but not complied with its further payment obligations under the Memorandum of Agreement. The vessel's owner, Normand Skarven KS has therefore terminated the sales agreement."



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