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SLOK Nigeria – LC facility
23 March 2009
Maritime bilateral LC sets sail
Read more:
letter of credit
Diamond Bank
Slok Nigeria
Nigeria
NGV
Malaysia
vessels
oil industry
This transaction is an excellent example of the capacity and capabilities of Nigerian banks. Diamond Bank arranged a $260 million unconfirmed letter of credit facility and bank guarantee on behalf of Nigerian shipping firm, Slok Nigeria.
Slok Nigeria needed financing to acquire eight new build platform supply vessels (PSV) from NGV Tech-builders of Malaysia to supply...
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