Vyacheslav-Tikhonov

Polarcus Limited refers to its announcement dated 10 June 2019 describing an extension of the bareboat charter for “Vyacheslav Tikhonov”, originally named “Polarcus Selma” including a redelivery option exercisable with effect from completion of the ‘charter-back’ for the wide-azimuth project (announced on 3 June 2019). SCF has exercised this option and the Company currently expects the vessel to be redelivered in November 2019 following completion of the wide-azimuth project in the Americas.

Dubai-based offshore survey company Polarcus has announced that Russia’s Sovcomflot has exercised an option for the redelivery of survey vessel Vyacheslav Tikhonov, originally named Polarcus Selma. The vessel has been on bareboat charter to the Sovcomflot since it was first delivered in 2011, and the latest contract included an option for redelivery of no less than 30 days notice.

Polarcus Limited has announced the three-year extension of the Bareboat Charter Party Agreement for M/V Vyacheslav Tikhonov between Polarcus Selma Limited , Polarcus' wholly owned subsidiary, and SCF Sakhalin Supply Limited.Reference is made to the stock exchange notice published by Polarcus on 11 August 2011 where Polarcus announced a strategic agreement with SCF Group This extension was carried out pursuant to SCF's option within the terms of the current BBCP (in force since 2011). The vessel charter shall continue for a further period of three years starting from 18 August 2016.