OREANDA-NEWS. On 11 December 2014 AB “Klaipedos nafta” (hereinafter, the  Company) concluded an agreement on assignment of claim rights and a maximum pledge agreement with Hoegh LNG Klaipeda, UAB in accordance with the decision of the board of the Company, dated 19 September 2014, and approved by general meeting of shareholders on 15 October 2014.

The said agreements are intended to secure obligations of the Company to Hoegh LNG Klaipeda under the Time Charter Party (Lease of a Floating Storage and Regasification Unit in conjunction with maintenance and operation services) agreement concluded on 2 March 2012.

More detailed information on the terms of the maximum pledge agreement and an agreement on assignment of claim rights was provided in the notification, dated 15 October 2014, on a decision of an extraordinary general meeting of shareholders.