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CROATIAN SHIPBUILDER SIGNS CONTRACT FOR TWO BRITISH TANKERS

TROGIR, Dec 29 (Hina) - Trogir-based "Brodotrogir" shipyard on Wednesday signed a contract with the owner of Great Britain's shipping company "Anglo-Atlantic Steamship Company" for the building of two tankers for the transport of oil and oil products for their branch in Sweden.
TROGIR, Dec 29 (Hina) - Trogir-based "Brodotrogir" shipyard on Wednesday signed a contract with the owner of Great Britain's shipping company "Anglo-Atlantic Steamship Company" for the building of two tankers for the transport of oil and oil products for their branch in Sweden.#L# The contract is worth US$55 million, and according to reports from the shipyard, the foreign partner accepted Croatia's guarantees in their entirety. The two tankers, the first of its kind in the world, are specialised for sailing great lakes, and should be delivered in February and August 2002. Also signed at the Trogir shipyard was a letter of intent for the building of another two tankers specialised for great lakes, also worth US$55 million. The signing of a contract will depend on how fast the first two tankers will be built. After the signing of the first contract, Croatian Bank for Reconstruction and Development (HBOR) director Anton Kovacev pointed out the fact that the British shipping company had accepted HBOR's warranty reaffirmed the reputation of not only Trogir's shipbuilding industry, but also of Croatia's banking sector. Kovacev said it was difficult to have Croatian guarantees accepted in the world because a strong West European bank's corroboration was always required. Today's contract was the first time a foreign owner unconditionally accepted a Croatian warranty, he said. (hina) ha mm

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