The time charter period is firm for a period of 12 months commencing end of 1Q19. The charterer also has certain extension options. The time charter rate is variable as a function of the overall market conditions.
Øystein M. Kalleklev, Chief Executive Officer, commented:
“We are pleased to announce a prompt time-charter contract with a super major for one of our vessels. This contract provides full utilization with a first class charterer as well as exposure to the development of freight rates for large LNG carriers which we have a positive view on.”
