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Clifford Chance Advises GTLK on Lease of Cruise Vessels to Havila Kystruten

Clifford Chance Advises GTLK on Lease of Cruise Vessels to Havila Kystruten

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Clifford Chance has advised GTLK Global Business, Russia's largest leasing company, in connection with the ten-year lease of two coastal passenger vessels to Havila Kystruten AS, a Norwegian cruise operator.

The two vessels, 122.7 meters in length and 22 meters wide, are to be built by the Turkey's Tersan Tersanecilik San. Ve Tic A.S. shipyard based on a design prepared by Norway's Havyard Design & Solution. The vessels will be delivered on lease to Havila at the end of 2020 and enter operation in January 2021. They will use liquefied natural gas and battery hybrid propulsion and will operate on the Norwegian coastal route between Bergen and Kirkenes under a concession granted by the Norwegian Ministry of Transport and Communications. GTLK has committed to invest EUR 171.1 million in these vessels. 

The Clifford Chance team was led by London-based Partner Oliver Hipperson and Moscow-based Partner Victoria Bortkevicha, supported by London Associate Tom Capel and Moscow Senior Associate Vadim Turtsev.

Clifford Chance did not reply to our request for more information.

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