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 May 31, 2016 to February 28, 2017.
At the end of the lease, the company will have the option to purchase the vessel and related equipment for USD 1.75 million.
Alternatively, the company may at its discretion extend the lease for a firm period up to and including November 30, 2017, at which point it will have the option to purchase the vessel and related equipment for USD 67,800.
During the initial lease period, SeaBird may at its sole discretion terminate the charter on August 31, 2016 or November 30, 2016.
M/V Hawk Explorer joined SeaBird in 2006 after being converted to 2D-source vessel in Gdynia Poland.