Key Quantitative Figures
The total value of the contract is USD 5.21 million, inclusive of GST.
Parties Involved
The agreement is a Bimco Charter Party executed between SEAMEC LIMITED and M/s. Lamprell Energy Limited. The work will be performed for a project of Oil and Natural Gas Corporation Limited (ONGC).
Purpose and Significant Terms
The barge "SEAMEC GLORIOUS" will be chartered to carry out jobs related to offshore accommodation and hook-up work barge & support in the Mumbai High & West Coast Offshore area, including the Daman Oilfield. The firm period is 180 days with an option for extension.
Annexure Disclosures (Clause 5)
- Size of Agreement: USD 5.21 million, inclusive of GST.
- Shareholding: Not Applicable (NA). The company holds no shares in Lamprell Energy Limited.
- Significant Terms: The agreement is for the charter of the barge for a firm period of 180 days with an option for extension, to work on an ONGC project.
- Related Party Status: The parties are not related to the Promoter/Promoter Group/Group companies. The transaction is not a Related Party Transaction.
- Other Details: Not Applicable (NA) for shares issuance, loan agreements, or termination/amendment details.
Capital Structure and Financial Impact
The disclosure does not mention any impact on the company's capital structure, debt, or cash flows. The financial impact is the revenue from the contract valued at USD 5.21 million.