Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean updated the effective start date of its KRW 176.4B LPG carrier construction contract with an Americas-based shipowner to May 7, 2024, following a shift in the fulfillment schedule for precedent conditions.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: (Correction) Single Sales/Supply Contract (Voluntary Disclosure)
- Reason for Correction: Revision of contract start date (effective date) due to changes in the fulfillment schedule for precedent conditions.
[Contract Details]
- Contract Type: Construction Contract (1 LPG Carrier)
- Contract Amount: KRW 176.4B (KRW 176,400,000,000)
- Recent Annual Revenue: KRW 7.41T (KRW 7,408,300,000,000, based on FY2023 consolidated financial statements)
- Contract Value to Revenue Ratio: 2.38% (approx. 2.4%)
- Counterparty: Americas-based shipowner
- Supply Region: Americas
- Contract Period:
- Start Date (Before): 2024-04-25
- Start Date (After): 2024-05-07
- End Date: 2027-01-31
- Order Date: 2024-04-16
[Other Key Information]
- The contract value is calculated based on the FX exchange rate on April 16, 2024 (USD 1 = KRW 1,383.70).
- The contract is scheduled to become effective on May 7, 2024, upon completion of precedent conditions as agreed by both parties.
- The contract period and final settlement amount are subject to change during construction.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Completion of Precedent Conditions and Final Contract Activation
This disclosure correction reflects the adjustment of the contract start date to May 7, 2024, caused by a change in the schedule for precedent conditions. Verifying whether these agreed precedent conditions are successfully fulfilled and the contract becomes fully effective as scheduled is important for determining whether the transaction has been properly finalized. Progress can be monitored through subsequent regulatory filings or regular periodic reports (Quarterly, Half-Yearly, or Annual Reports).
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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