Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a correction disclosure regarding its contract for 1 unit of FCS (Field Control Facility) with an Oceanian shipowner, updating the contract amount from KRW 899.4B to KRW 902.8B.
📊 [Key Disclosure Details & Financial Figures]
- Key Correction Details:
- Contract Amount: KRW 899,400,000,000 ➔ Corrected to KRW 902.8B (KRW 902,800,000,000)
- Other Remarks: Deletion of Clause 4 under other important disclosures from the previous filing
- Reason for Correction: Change in contract amount
- Contract Overview (Construction of 1 FCS Unit):
- Contract Title: 1 unit of FCS (Field Control Facility)
- Contract Type: Construction Order
- Recent Annual Revenue: KRW 7,030,200,000,000 (Based on end-2020 consolidated financial statements)
- Ratio to Revenue: 12.8%
- Counterparty: Oceanian Shipowner
- Location: Oceania
- Contract Period: February 1, 2022 ~ April 3, 2027
- Key Conditions: Down payment/advance payment excluded; collection based on construction progress
- Contract (Order) Date: January 10, 2022
- Other Remarks:
- Multi-currency contract calculated using base exchange rates (USD, GBP, EUR, AUD, NOK, MYR) as of January 10, 2022
- Project consists of Phase 1 (design verification & preparation) and Phase 2 (execution); contract period and final settlement amount are subject to change during construction
- Related Disclosures: Disclosures on Execution of Sales / Supply Contract filed on 2022-01-11, 2023-07-14, 2023-12-22, 2025-06-05, 2025-10-30, and 2025-12-04
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Project Execution Progress and Potential Future Changes to Contract Terms and Final Settlement Amounts
Checking the adjusted contract value alongside subsequent project execution progress is important because it allows investors to track potential future changes to the contract period or final settlement amount during project execution. Investors can verify further details through subsequent correction disclosures and periodic reports (Quarterly, Half-Yearly, and Annual Reports).
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Source: This content was structured and newly generated based on official submission data from the Financial Supervisory Service DART system.
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