Update - Normand Maximus
Reference is made to Solstad Offshore ASA's ("SOFF") stock exchange notice dated 17 September 2020 in which it was advised that Saipem (Portugal) Comercio Maritimo ("Saipem") had early terminated the time charter for "Normand Maximus". The time charter for "Normand Maximus" entitled Saipem to terminate the charterparty for convenience against payment of an early termination fee to SOFF's wholly owned subsidiary Normand Maximus Operations Limited (the "SOFF Subsidiary") as disponent owner of "Normand Maximus". The notice period for the termination under the time charter is 45 days