Hunter Group ASA –Market Update
· First instalment on the first three vessels · Payment for fourth vessel upon refund guarantee · Declaration of three options · New options received First three vessels: Contracts effective, first instalment made and refund guarantee in placeThe board of directors is pleased to announce that the Company has received satisfactory refund guarantees for the first three VLCCS (Hull nr 5455, Hull nr 5456 and Hull nr 5457) to be constructed at Daewoo Shipbuilding Marine Engineering Co., Ltd (the "Shipyard") and has made the first instalment for each contract, totalling USD 25.56m,