Bar Sailing paid the first loan to the Chinese



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The public company Barska Plovidba paid this week the first tranche of the loan of Chinese bank Exim in the amount of USD 2,013,244 (principal and interest).

Acting Executive Director of Barska Plovidba Tihomir Mirkovic said "Vijesti" This payment began the repayment of the principal loan contracted by Barska Plovidba for the construction and purchase of Bar and Bud vessels for a total amount of $ 46.4 million.

"The loan was contracted under favorable terms of two percent, five Through this loan agreement, we acquired two bicycle circuits – for the carriage of bulk goods, with a capacity of 36 000 tons, "said Mirkovic.

Since the completion of work in September and October 2014, the so-called charter of synchronization, with the English company Sea Pioneer of London

According to Mirkovic, the company represents currently the bulk of the revenues from the operation of these two cargoes b and a small part of the contract with the company Jadrolini from Rijeka on the basis of the maintenance of the Bar-Bari line by boat "Dubrovnik" and the issuance of business premises owned by the company.

Barska Plovba received a loan from Exim Banka in March 2013, state guarantee.The State gave a guarantee to a other shipping company, Montenegrin Cruise for Credit, ega For two ships, Montenegrin Sailing is not able to pay its own bonds, so its loan is taken from the state budget.

Barska Plovidba borrowed EUR 200 000 on 14 March to pay the salaries of his workers. In 2010, Exim Bank granted a loan to Montenegro Shipping of $ 55.7 million with a share of $ 8.3 million. The grace period was five years, the interest rate is three percent. For the main loan of $ 47.3 million, the government issued a guarantee

Next war on January 21, 2019.

From the bar company, the money for the The first tranche of the Chinese loan came from its own funds, payment made to the account of NLB Bank and Hipotekarna banka, and all the company's commitments to Chinese creditors in 2018 have been settled.

In addition to this rate, interest of approximately $ 474,000 was paid in January and the next 2019.

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