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PJT: Board approves to buy a tanker According to Board Resolution No.001 dated February 21, 2017, the Board of Directors of Petrolimex Joint Stock Tanker Company approved to buy an imported ship to increase the Company’s fixed assets, as follows:
- Name of ship: EASTERN MERMAID
- IMO number: 9296573
- Type: oil/chemical tanker
- Nationality: Singaporean
- Builder: Shin Kurushima Dockyard (Japan)
- Year of shipbuilding: 07/2004
- Capacity: 8906 DWT
- Owner: ABO Singapore Pte Ltd.
- Date delivered: expected from March 10 to April 14, 2017
- Buying price: USD9.2 million (fees and taxes excluded). The financial source for the purchase includes 30% from the owners’ equity and 70% from bank loans.
The Board of Directors decided to re-name LONG PHU 11 for the ship.
The Board of Directors approved the plan for bank loans:
- For purchasing the ship: To borrow a maximum credit limit of 150 billion dongs from PG Bank for the purpose of purchasing the ship. Loan term: at least 07 years. Collateral: the assets arisen from Eastern Mermaid.
- For increasing the Company’s working capital: To borrow a maximum credit limit of 40 billion dongs from PG Bank for the purpose of increasing its working capital. Loan term: 12 months. HOSE
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