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Тhe first guarantee by IHB on a contract for shipbuilding was canceled

29 Dec 2006 | 11:06

On 15 December 2006 the first corporate guarantee issued by Industrial Holding Bulgaria for guaranteeing the contracts for shipbuilding between Bulyard Shipbuilding Industry and companies owned by Navigation Maritime Bulgare was canceled. The canceled corporate guarantee is for the value of EUR 4 280 850 and USD 3 729 018. The guarantee is issued in relation with the 3rd installment according to the contract for building ship with building N 516 and is canceled because the obligations are fulfilled.