Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Masami Iijima) is currently proceeding with the procurement of eight LNG ships intended to be used for the delivery of LNG mainly to its customers in Japan from the Cameron LNG Export Project in the U.S.A. In addition to the five ships with time charter parties signed on September 26, 2014 (please refer to our TSE filing "Conclusion of Time Charter Parties for LNG ships for Cameron LNG Export Project in the U.S.A." dated September 29, 2014), Mitsui has newly entered into contracts for two more ships, as shown below, for a total maximum charter hire amount of approximately 600 billion Japanese yen for the combined seven ships. Additionally, Mitsui is preparing to conclude the time charter party for the remaining ship.
||Subsidiary of Mitsui O.S.K. Lines, Ltd. ("MOL") (1 ship)
Subsidiary of Nippon Yusen Kabushiki Kaisha ("NYK") (1 ship)
||newly built 177,000m3 Moss type LNG ship
||Mitsubishi Heavy Industries, Ltd.
||maximum 25 years
|Commencement of charter
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
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