Solstad Offshore, GSP Antares Ink Bareboat Charter Contract with Purchase Obligation

Solstad Offshore has signed a contract with GSP Antares Limited (GSP) were GSP will bareboat charter SOFF’s 1985 built AHTS “Normand Mjolne” for a period of 2 years.

Thereafter GSP has an obligation to purchase the vessel at a pre-agreed price.

The commencement of the bareboat charter will be April-13.

The commercial terms are confidential between the parties.

[mappress]
Solstad Offshore, March 20, 2013