It was agreed by both parties to end the time charter contract and RWE Supply & Trading GmbH pays compensation to NSCSA of about USD 6,186,250 (Equivalent of SAR 23,198,437) which were received by NSCSA on 2nd April 2012 and will be recognized as profit in 2nd quarter of the FY 2012.
NSCSA announces termination of VLCC time charter contract
It was agreed by both parties to end the time charter contract and RWE Supply & Trading GmbH pays compensation to NSCSA of about USD 6,186,250 (Equivalent of SAR 23,198,437) which were received by NSCSA on 2nd April 2012 and will be recognized as profit in 2nd quarter of the FY 2012.