SCAN, Ship Finance terminate agreement

SCAN Geophysical ASA (SCAN) has terminated its sale and lease-back agreement with Ship Finance International.

Offshore staff

OSLO -- SCAN Geophysical ASA (SCAN) has terminated its sale and lease-back agreement with Ship Finance International.

SCAN has reached a mutual understanding with Pacific First Shipping Pte, Singapore (PFS), whereby PFS will acquire the vessels with seismic equipment and lease them back to SCAN on bare boat charters.

11/03/2008

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