FINANCING OF NEWBUILDINGS
Belships has during 1st quarter 2015 accepted a post-delivery financing offer for the two Imabari 61,000 dwt newbuildings for delivery in September 2015 and March 2016. The loan facility covers the lower of 70% of contract price or market value at the time of drawdown, with a maturity of 7 years.
See note 12 for further details.
No further material events have taken place after 31 December 2014.