Due to inability of Uljanik d.d. to deliver the vessel pursuant stipulations of the Shipbuilding Contract made and entered with AUTOMARINE TRANSPORT INC. the Company incorporated at Cayman Islands for One (1) 7,000 ceu Pure Car Truck Carrier known Uljanik's Hull 514, the Buyer on 1st September 2018 unilaterally rescinded the Shipbuilding Contract, so the Shipbuilding Contract is not binding upon the parties any more.
AUTOMARINE TRANSPORT INC., as well rescinded on the same date the Shipbuilding Contract One (1) 7,000 ceu Pure Car/Truck Carrier of the same technical characteristics known as Uljanik Hull 515, on which on the Buyer's requests the activities earlier were terminated.
SIEM SHIPPING INC. Company unilaterally rescinded the Shipbuilding Contracts for the 7,000 ceu Pure Car/Truck Carriers, Uljanik's Hulls 524 and 525 on 1st September 2018 on which all the activities has been terminated on Buyer's request already earlier and whose physical production was never initiated. Therefore the Shipbuilding Contracts are not binding upon the parties.
Both Companies AUTOMARINE TRANSPORT INC. and SIEM SHIPPING INC. are the members of SIEM Group.
ULJANIK d.d.
Source of information:
ULJANIK d.d.
Flaciusova 1, 52100 Pula, Hrvatska
Informations to investors:
Tel: 00385 52 373 102
Fax: 00385 52 373 646
e-mail: pavlina.klasta@uljanik.hr
web: www.uljanik.hr
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