Contract for the Construction of an LPG Carrier Ship from South Korea Supported by SETA

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Contract for the Construction of an LPG Carrier Ship from South Korea Supported by SETA

Another service provided by the SETA International Group is meeting the needs of various entities and financially supporting the fulfillment of these needs.

Accordingly, this group signed a contract on behalf of a major European company to financially support the construction of an LPG carrier by a reputable South Korean company through issuing an LC from a European bank. The mentioned ship is a 44,000-ton refrigerated type, and its construction will take three years using the highest available technology.

SETA's Support Areas

• Advisory services
• Financial support services
• Contract construction legal services
• Issuance of LC from European banks
• Monitoring and follow-up of construction stages

Project Progress Stages

• LC issued from European offices
• Obtaining necessary permits
• Design in progress