Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a correction disclosure regarding its contract for one Liquefied Petroleum Gas (LPG) carrier worth approximately KRW 176.4B (2.4% of revenue) with a shipowner in the Americas, moving forward the contract end date from January 31, 2027, to August 19, 2026.
📊 [Key Disclosure Details & Financial Figures]
- Key Correction Details:
- Corrected Item: Contract Period End Date
- Before: January 31, 2027 ➔ After: August 19, 2026 (End date shortened)
- Reason for Correction: Change in contract period end date
- Contract Overview (Construction of 1 LPG Carrier):
- Details: 1 LPG Carrier
- Contract Type: Construction Order
- Contract Amount: KRW 176,400,000,000 (Approx. KRW 176.4B)
- Recent Annual Revenue: KRW 7,408,300,000,000 (Based on end-2023 consolidated financial statements, rounded to nearest 100M KRW)
- Ratio to Revenue: 2.4%
- Counterparty: Americas Region Shipowner
- Relationship with Company: –
- Location: Americas
- Corrected Contract Period: May 7, 2024 ~ August 19, 2026
- Key Conditions: Down payment/advance payment included; collection based on construction progress
- Contract (Order) Date: April 16, 2024
- Other Remarks:
- Contract amount calculated using the standard exchange rate as of April 16, 2024 (1 USD = 1,383.70 KRW)
- Contract period and final settlement amount are subject to change during construction
- Contract was scheduled to enter into force on May 7, 2024, upon fulfillment of precedent conditions agreed by the parties
- Related Disclosures: Voluntary Disclosures on Execution of Sales / Supply Contract filed on 2024-04-17 and 2024-04-25
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Project Progress and Potential Changes to Contract Terms and Final Settlement Amounts
Checking the adjustment to the contract end date alongside subsequent project progress is important because it allows investors to track project execution under the revised contract period and monitor potential future adjustments to the contract period or final settlement amount. Investors can verify further details through subsequent correction disclosures and periodic reports (Quarterly, Half-Yearly, and Annual Reports).
📢 Disclaimer and Source Notice
Source: This content was structured and newly generated based on official submission data from the Financial Supervisory Service DART system.
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any security. All investment decisions and financial liabilities rest entirely with the individual investor.
Contact: For regulatory compliance inquiries or copyright concerns, please contact ksb220805@gmail.com.
