A lesson learnt from Swiber? (ie. Letter of Intent)
CLARIFICATION ON PRESS RELEASE
The Board of Directors of Pacific Radiance Ltd. (the "Company"), and together with its subsidiaries (the “Group”) refer to the press release on 15 June 2017 wish to further clarify that of the US$45.3 million contracts, approximately US$35.8 million are firm charters and US$9.5 million are options. The options allow for the extension of the duration of the charters and are exercisable by the charterer towards the end of the firm periods.
http://infopub.sgx.com/FileOpen/Clarific...eID=458369
CLARIFICATION ON PRESS RELEASE
The Board of Directors of Pacific Radiance Ltd. (the "Company"), and together with its subsidiaries (the “Group”) refer to the press release on 15 June 2017 wish to further clarify that of the US$45.3 million contracts, approximately US$35.8 million are firm charters and US$9.5 million are options. The options allow for the extension of the duration of the charters and are exercisable by the charterer towards the end of the firm periods.
http://infopub.sgx.com/FileOpen/Clarific...eID=458369