ZALIV Shipyard has received financing of new projects

 As it was reported by the Chairman of Supervisory Board of ZALIV Shipyard, Nikolay Kuzmenko, four contracts signed in December, 2010, for construction of specialized ships for Norwegian company ULSTEIN are fully provided with required financing from the side of the shipyard.

Bank JSC “UkrSibbank” acted as a principal creditor.The structure of financial bargain provides for the arrangement of credit line as well as corresponding guarantees of payment refund covering of prepayments received from the Customer. The total amount of financing is more than 16 million Euro. Additionally bank JSC “Finances and Credit” which provided with purchasing of steel and basic profiles in the amount of 25 million grivnas acted as a co-organizer of this transaction in the framework of pre-contract financing. It gave the opportunity to provide the delivery of metal to the shipyard and start the fulfillment of production program in due time which was absolutely essential taking into account tough terms of ships construction.

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