Bar navigation paid to the Chinese bank a war of $ 1,870,000

Today, the billing installments taken from the Chinese Exim Bank for the purchase of four Montenegrin overseas ships are reached. Bar navigation has already paid for the entire amount from their own income. Montenegrin sailing due to the cost of overhaul and implementation of the ships "21 May" and "Kotor", she failed to provide the necessary funds, and in agreement with the credit, he would pay with a small delay.

Thanks to a good contract for the time lease of "Bar" and "Budva", Bar sail accumulated enough funds for the loan war taken to procure these vessels, confirmed for our "Savior's" Commercial Director of that company Tihomir Mirkovic.

"The payment was made to the Chinese bank. The payment was made with two businessmen commercial bank, where we had accumulated funds and the war was $ 1,870,000," Mirkovic said.

The Montenegrin navigation has had a lot of expenses last year, so they failed to raise funds for a loan war that is about $ 2,550,000, says PR manager and company Emina Stjepcevic. These costs, he says, were related to the uprising and faraban, and a general engine overhaul.

"A million dollars will be paid now and the rest in accordance with the expected contributions. Fur several payments, all from our own funds," said Stjepcevic.

For "21 May" and "Kotor", the ships of Montenegrin navigation, the contract with the Chinese Exim Bank was concluded in 2010.

The ships cost about $ 47 and a half million.

The loan agreement for the purchase of barracks ships, "Bar" and "Budva" was signed with the same bank in 2012.

The vessels cost almost $ 46.5 million. For both loans, state guarantees are given. All four Montenegrin crosswalks are given in time rental. The lease of the ships of Montenegrin navigation is the company Sea Pioneer from London, and the Danish Nordena barracks.

M.J.