Oceanteam ASA - Diavaz-Oceanteam terminates bareboat charter contract
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Oceanteam ASA - Diavaz-Oceanteam terminates bareboat charter contract

On 15 February 2018, in light of the current state of the market, DOT Shipping (a joint venture between Diavaz and Oceanteam) and Pacific Radiance Ltd have mutually agreed to terminate agreements, which were entered into on 9 October 2014, for purchase and bareboat chartering of the vessel TAMPAMARCHOCO 1 (T1) without further liability to Diavaz-Oceanteam

18 February 2018 - 11:21 - Update: 18 February 2018 - 23:08

On 15 February 2018, in light of the current state of the market, DOT Shipping (a joint venture between Diavaz and Oceanteam) and Pacific Radiance Ltd have mutually agreed to terminate agreements, which were entered into on 9 October 2014, for purchase and bareboat chartering of the vessel TAMPAMARCHOCO 1 (T1) without further liability to Diavaz-Oceanteam. DOT Shipping was a party to a bareboat charter agreement for the T1 with the joint venture company DOT Radiance Pte Ltd ('DOT Radiance'). DOT Radiance was a party to a memorandum of agreement with Pacific Crest for the purchase of vessel Tampamachoco 1.

Source: VesselTracker.Com
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