SEAMECLTD Secures USD 2.12 Million Charter Hire for SEAMEC PRINCESS Vessel
Seamec Limited entered into a charter hire agreement with Lamprell Energy Limited for its vessel "SEAMEC PRINCESS". The contract is for offshore activities in India's West Coast Oilfield and is valued at approximately USD 2.12 million for a firm period of 15 days, with extension options.
The charter hire agreement for USD 2.12 million is a significant contract that will contribute to the company's revenue, thus having a medium-term impact on its financial performance.
The announcement details a new charter party agreement which is a positive development for the company's business operations and revenue generation.
Seamec Limited has entered into a Charter Party agreement with Lamprell Energy Limited, Dubai, for the charter hire of its vessel "SEAMEC PRINCESS". The vessel will be utilized for offshore activities of Oil and Natural Gas Corporation in the West Coast Oilfield of India, including the Daman Field.
The charter has a firm period of 15 days, with an option for extension on mutually agreed terms. The total value of the charter for the firm period is approximately USD 2.12 million, exclusive of GST.
The company has provided the requisite details in the prescribed annexures as per SEBI regulations.
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Seamec Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Seamec Limited. Read the original for the full detail.