Seamec Limited has informed the Exchange about Intimation of Charter Party with Lamprell Energy Limited for Charter Hire of "SEAMEC PRINCESS"
SEAMECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Seamec Limited has entered into a charter party agreement with Lamprell Energy Limited (Dubai) for chartering their vessel SEAMEC PRINCESS. The vessel will undertake offshore activities for Oil and Natural Gas Corporation (ONGC) in the West Coast Oilfield of India including Daman Field. The firm tenure is 15 days with an option for extension on mutually agreed terms. The total contract value is approximately USD 2.12 million, exclusive of GST. The transaction is not a related party transaction.
This is a short-term charter contract bringing in USD 2.12 million in revenue. While positive for cash flows, the 15-day firm tenure is relatively brief. The contract supports vessel utilization but is not a major long-term revenue commitment.