The vessel will be delivered under the new charter during the 2Q17 for an initial period of two years with a series of extension options up to the maximum charter period of nine years.
The partnership's operating income before depreciation derived from the Golar Grand will be unchanged until October 2017 when the Golar LNG charter ends. Assuming initial extension options for up to five years are exercised the New Charter is expected to generate on average approximately US$10 million of operating income before depreciation per annum over the full five year term.
