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DUBROVNIK-BASED SHIPPING COMPANY SIGNS CREDIT AGREEMENT WITH GERMA

AGREEMENT WITH GERMA $ N BANK DUBROVNIK, July 30 (Hina) - President of the Dubrovnik-based shipping company "Atlantska Plovidba", Ante Jerkovic, on Wednesday signed an agreement with the Hamburg-based Hamburgische Landesbank, on credit of $ 35.400,000, the shipping company said in a statement. The credit will be partly used for the refinancing of existing credits, but under improved conditions, and mostly for the purchase of one or two second-hand ships, the statement said. (hina) lm 302056 MET jul 97

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