BLT or the Company has completed the remaining Sale and Lease Back of 3 (three) chemical tankers so coupled with the Sale and Lease Back done earlier in October 2008, BLT has completed all 4 sale and lease back of new chemical tankers.
The Sale and Lease Back was part of the de-leveraging process announced in October 2007 for the acqusition of Chembulk Tankers LLC.
The details of the transaction are confidential between buyer and the Company.
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