Extension of Hawk Explorer lease

SeaBird has signed an addendum to the charter party relating to M/V Hawk Explorer to further extend the lease on current payment terms from 31 May 2016 to 28 February 2017. At the end of the lease, the company will have the option to purchase the vessel and related equipment for US$1.75 million. Alternatively, the company may at its discretion extend the lease for a firm period up to and including 30 November 2017, at which point it will have the option to purchase the vessel and related equipment for US$67 800. During the initial lease period, SeaBird may at its sole discretion terminate the charter on 31 August 2016 or 30 November 2016.

Read the article online at: https://www.oilfieldtechnology.com/exploration/08032016/extension-of-hawk-explorer-lease/