The proposed project provides a long-term loan to finance part of the acquisition costs of 5 dry cargo newbuildings, a part of the company’s fleet modernisation programme.
The proposed project will include corporate governance enhancement measures to be implemented by the company. It will also facilitate inter-regional trade, and will support the company’s further fleet modernisation.
Joint Stock Shipping Company Ukrrichflot is a Kyiv-based ship owner operating in the niche river-sea and short sea markets on the Dnieper and Danube rivers, in the Black, Azov, North and Baltic Seas, as well as in the Mediterranean.
A senior loan of up to USD 28 million, to be structured as an A/B loan.
USD 50 million.
There will also be a requirement to establish relevant on-shore staff health and safety and environmental procedures and emergency response plans and certification according to ISO 14000, the international standard for environmental management systems, in addition to the pre-requisite safety and environmental compliance for the Project Vessels, which will be fully classed by the Russian Registry of Shipping, a member of the International Association of Classification Societies and compliance with international conventions such as MARPOL and SOLAS and the relevant river standards.
51 Nizhniy Val,
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