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105 The facilities are secured by, among others:
- First Priority Mortgage on one ship: Tanker Alis XVII
- Personal Guarantee from Paulus Utomo and Go Darmadi
4.
OVERSEA-CHINESE BANKING CORPORATION LIMITED “OCBC Limited”
Facility Agreement dated 31 October 2013, which approved the partial financing of the purchase of ship, with a total value of USD 25,200,000.00 for a period from 31 October 2013 – 31 October 2018.
The facility is subject to an interest rate calculated as follows for OCBC NISP: LIPOR plus a margin of 5.738 per annum and calculated as follows for OCBC Limited: in accordance with the interest rate
applicable in OCBC Limited and as determined by the Monetary Authority of Singapore plus a 3.5 margin.
This facility is secured by, among others, the following: -
Collateral in the form of 1 unit of ship, namely, Success Fortune XL -
Personal Guarantee from Paulus Utomo and Go Darmadi -
Corporate Guarantee from the Company.
5. PT BANK ARTHA GRAHA INTERNASIONAL TBK “BAGI”
Fixed Loan I Credit Facility Deed of Credit Agreement No. 40 dated 28 July 2010 and all amendments thereof, which approved the
refinancing with a total value of USD 6,000,000.00 for a period from 28 July 2010 – 28 July 2014, which is subject to an annual interest rate of 8 per annum.
Revolving Loan I Credit Facility Deed of Credit Agreement No. 23 dated 10 November 2010 and all amendments thereof, which
approved the financing of working capital with a total value of USD 1,000,000.00 for a period that will end on 10 November 2014 that is subject to an annual interest rate of 8 per annum.
Fixed Loan II Credit Facility Deed of Credit Agreement No. 12 dated 12 January 2011 and all amendment thereof, which approved
an investment financing with a total value of USD 4,550,000.00 for a period from 12 January 2011 – 12 January 2015 that is subject to an annual interest rate of 8 per annum.
Fixed Loan III Credit Facility Deed of Credit Agreement No. 88 dated 21 November 2011, which approved the financing of working
capital with a total value of USD 2.000.000,00 for a period from 21 November 2011 – 21 November 2015 that is subject to an annual interest rate of 8 per annum.
Revolving Loan II Credit Facility Deed of Credit Agreement No. 87 dated 21 November 2011 and all amendment thereof, which approved
the financing of working capital with a total value of USD 1,000,000.00 for a period that will end on 10 November 2014, and is subject to an annual interest rate of 8 per annum.
Fixed Loan IV Credit Facility Deed of Credit Agreement No. 96 dated 19 September 2012 and all amendment thereof, which
approved the financing of working capital with a total value of USD 4,373,600.00 for a period from 19 September 2012 – 19 September 2017 and is subject to an annual interest rate of 8 per annum.
Fixed Loan V Credit Facility Deed of Credit Agreement No. 46 dated 11 April 2013 and all amendment thereof, which approved the
financing of working capital with a total value of Rp 74,690,000,000.00 for a period from 11 April 2013 – 15 April 2019 and is subject to an annual interest rate of 15.25 per annum.
Revolving Loan III and IV Credit Facilities Deed of Credit Agreement No. 135 dated 20 July 2012 and all amendment thereof, which approved the
financing of working capital; the Revolving Loan III has a limit of Rp 37,000,000,000.00 and Revolving
110 106
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.
