Sale of “Normand Maximus” | Bareboat charter agreement signed
· American Shipping Company ASA (AMSC) announced today the purchase of “Normand Maximus” from Maximus Limited · Solstad Offshore ASA ("SOFF") experience strong interest from clients to charter the “Normand Maximus” on shorter and longer contracts after current time charter expires during 4th quarter 2022 · In order to secure long term operational control of the vessel, a subsidiary of SOFF has entered into a term sheet for an amended long term bareboat agreement for “Normand Maximus” with AMSC including a purchase option for the vessel · SOFF's residual exposure as guarantor under