Ince & Co advises EDF on NYK LNG carrier deal

Illustration purposes only (Image courtesy of NYK Line)

Law firm Ince & Co advised EDF LNG Shipping, a unit of France’s EDF, on the recent long-term charter contract with the Japanese shipowner NYK.

To remind, the newly-ordered LNG carrier will have a 174,000-cbm capacity membrane-type cargo tank fitted with a GTT Mark III system and a WinGD dual-fuel slow-speed engine.

Ince & Co said in a statement it supported EDF LNG Shipping in the negotiation and drafting of the contract providing for an initial charter period of seven years which can be further extended to twenty years.

The operation has been made possible through the set-up of a dedicated team composed of legal experts from EDF and lawyers from Ince & Co, dually qualified in England and France, it said.

NYK was advised by Watson Farley & Williams.

The vessel has been ordered at Hyundai Samho Heavy Industries in South Korea and is due to be delivered on April 30, 2020.

Hyundai Samho, a unit of the shipbuilding giant Hyundai Heavy Industries, said in a statement last week that the order for the vessel is worth about $200 million.

 

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