Project description
and objectives:
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The proposed project provides a long-term term loan to finance part of the
acquisition/construction costs of 5 dry cargo newbuildings of about 5,000 dwt.
The proposed project is part of the company’s fleet expansion programme.
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Transition impact:
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The Bank’s involvement in the project will help to facilitate the
modernisation and development of the company, which has committed to improve
its shipping management practices to bring its operation in line with
international best practice. The proposed project is also expected to enhance
safety and environmental standards of the fleet, as well as promoting
competition through fleet renewal among other local ship-owners operating in
this sector.
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The client:
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Joint Stock Company Yugreftransflot is a Sevastopol-based ship owner whose
primary activities are:
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transportation of refrigerated cargos: deep frozen meat, poultry and fish ,
perishable goods (fruits and vegetables), general cargos and containers;
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fleet commercial & technical management: reefer vessels, ocean-going fishing
trawlers, dry cargo vessels, and tankers;
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commercial fishing and processing of fish products.
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EBRD finance:
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A senior loan of up to USD 26 million, to be structured as an A/B loan.
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Total project cost:
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USD 57 million.
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Environmental impact:
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The project was screened C/1.
Yugreftransflot will need to demonstrate to the Bank pre-acquisition safety
and environmental compliance of the Project Vessels, with international
maritime safety standards and conventions. The Bank will seek agreement with
Yugreftransflot and covenant in the loan agreement of establishing relevant
on-shore environmental health and safety and environmental procedures and
emergency response plan.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Write to:
JSC Yugreftransflot
5 Rybakov Street
Sevastopol, 99014
Ukraine
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EBRD contact:
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Igor Storchak, Operation Leader: storchai@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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