Deals5 Aug 2025, 05:39 pm
Seamec Ltd: HAL Offshore Limited Terminates MOU for Charter Hire of Vessel 'SEA PEARL'
AI Summary
Seamec Ltd has announced the termination of the Memorandum of Understanding (MOU) by HAL Offshore Limited for the charter hire of the vessel 'SEA PEARL'. The MOU was terminated on August 5, 2025, effective from July 28, 2025. The reasons for termination were that Seamec Limited could not deliver the vessel due to non-delivery by the owner. The company may have to bear the liquidated damages for this non-delivery.
Key Highlights
- HAL Offshore Limited terminated the MOU with Seamec Ltd for the charter hire of 'SEA PEARL'
- Termination was due to Seamec's inability to deliver the vessel due to non-delivery by the owner
- Seamec Ltd may have to bear the liquidated damages for non-delivery of the vessel