Vana Tallinn Line Ltd., a subsidiary of AS Tallink Grupp and Allferries SA, have concluded a three year hire-purchase charterparty for MS Vana Tallinn.
The vessel will be delivered to Allferries SA in June 2011 for their operations in the Mediterranean Sea. The title of the vessel will be handed over at the end of the charter period after all contractual payments are made.
Parties have agreed not to disclose the transaction price. The profit and cash flow from the transaction are not significant to the consolidated results of AS Tallink Grupp.
Head of Investor Relations
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel +372 640 8981