HARL CONTRACTS1 Aug 2023 09:37
Subject to formal execution of the contract, the vessel is expected to be in the dry dock for a period of five months through early 2024 and the contract value is expected to be in the region of £60 million - £70 million, dependent on the extent of final works undertaken. As part of the overall project delivery, a sum of £5 million will be made available to the Company immediately to commence various workstreams in 2023 prior to the arrival of the vessel. Apart from the initial sum, this LoI is non-binding and will be subject to execution of a formal contract that is expected within 2-3 months. We got say around 66 million contracts , with upfront fee of 5 million, just a start, lot more to come