PT BANK ARTHA GRAHA INTERNASIONAL TBK “BAGI”
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Loan IV has a limit of USD 4,000,000.00, for a period that will end on 20 July 2014, and each is subject to an annual interest rate of 14,5 Revolving Loan III and 8 Revolving Loan IV.
The facilities referred to above are secured by, among others, the following: -
Collateral in the form of seven unit of ships owned, namely: MT Soechi Pratiwi, MT Almira-XXII, MT Asumi XXVI, MT Sukses XI, Soechi Chemical III, Soechi Chemical V, Soechi Chemical XIX and one
unit tug barge -
Personal Guarantee from all shareholders. Based on Letter BAGI No. 003OLKWBAG-SUDIV2013 dated 10 April 2013 concerning Approval of
Additional Fix Loan FL Credit Facility under the name PT Sukses Osean Khatulistiwa Line, there are 2 two additional collateral for Fix Loan V Facility as described below:
a. Corporate Guarantee under the name of the Company as set forth in the Company Collateral
Agreement No. 48 dated 11 April 2013, drawn up before Emmy Halim, SH., M.Kn, Notary in Jakarta;
b. 1 one unit tanker that will be purchased. In accordance with Letter No. 006SOKLBDVII2014 dated 2 July 2014 concerning Request for
Extension of Revolving Loan III and IV Facilities issued by SOKL, SOKL is filing an extension request for Revolving Loan III and Revolving Loan IV Facilities referred to above. The extension request is still in
process as of date and SOKL remains subject to and bound by the agreement referred to above.
Material Agreements Between SOKL and Other Third Parties Agreement with Unaffiliated Parties
SOKL has executed 7 seven agreements with unaffiliated parties in order to support its business activities. The agreements are described below:
Vessel Charter Agreement
1. Time Charter Agreement dated 22 February 2010, privately arranged and duly stamped between
SOKL as the Ship Owner and PT Pertamina Persero as the Charterer, which stipulates the following terms and conditions:
Objective of the Agreement :
That the Ship Owner charters its ship to the Charterer Basis of the Agreement
: The Ship Owner charters to and the Charterer
charters from, the use and services of the ship for a certain period of time based on the terms and
conditions set forth in this agreement, including introduction Part I, Part II, Part III and the appendices
herein.
Charter Period :
10 ten years commencing on the ship handover, with an option to extend for 1 one year, additional
extension option for 1 one year, additional extension option II for 1 one year and extension
option III for 1 one year.
engketa 2.
Time Charter Agreement dated 4 July 2013, privately arranged and duly stamped between SOKL as the Ship Owner and PT Pertamina Persero as the Charterer, which stipulates the following
terms and conditions:
Objective of the Agreement :
That the Ship Owner charters its ship to the Charterer Basis of the Agreement
: The Ship Owner charters to and the Charterer
charters from, the use and services of the ship for a certain period of time based on the terms and
conditions set forth in this agreement, including introduction Part I, Part II, Part III and the appendices
herein.
Charter Period :
1 one year commencing on the ship handover, with an option to extend for 6 six months and an
additional extension option for 6 six months.
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107 3.
Time Charter Agreement dated 4 July 2014, privately arranged and duly stamped between SOKL as the Ship Owner and PT Pertamina Persero as the Charterer, which stipulates the following
terms and conditions:
Objective of the Agreement :
That the Ship Owner charters its ship to the Charterer Basis of the Agreement
: The Ship Owner charters to and the Charterer
charters from, the use and services of the ship for a certain period of time based on the terms and
conditions set forth in this agreement, including introduction Part I, Part II, Part III and the appendices
herein.
Charter Period :
2 two months commencing on the ship handover, with an option to extend for 1 one month, and an
additional extension option for 1 one month.
4. Time Charter Agreement dated 12 February 2014, privately arranged and duly stamped between
SOKL as the Ship Owner and PT Pertamina Persero as the Charterer, which stipulates the following terms and conditions:
Objective of the Agreement :
That the Ship Owner charters its ship to the Charterer Basis of the Agreement
: The Ship Owner charters to and the Charterer
charters from, the use and services of the ship for a certain period of time based on the terms and
conditions set forth in this agreement, including introduction Part I, Part II, Part III and the appendices
herein.
Charter Period :
3 three months commencing on the ship handover, with an option to extend for 1 one month, and an
additional extension option for 1 one month. 5.
Agreement No. 245.Pj61KITSBU2011 for First Party and No. 488SOKL-ADMXII11 for Second Party dated 20 December 2011 concerning Marine Fuel Oil MFO Transportation Services Fee
from Sambu Island to PLTU Belawan PT PLN Persero Pembangkitan Sumatera Bagian Utara Sektor Pembangkitan Belawan, which has been ameded several times, the latest being the Fifth
Amendment No. 030.Amd61KITSBU2014 for First Party and No. 125SOKL-ADMVI14 for Second Party dated 16 June 2014, between PT PLN Persero Pembangkitan Sumatera Bagian
Utara as the First Party and SOKL as the Second Party, which stipulates the following terms and conditions:
Objective of the Agreement :
The Second Party provides MFO Transportation Services from Sambu Island to PLTU Belawan to
meet the needs of the Second Party; Object
: Transportation of MFO using tankers owned by the
Second Party; Charter Period
: 20 December 2011 – 31 December 2014