nido share and timing, page-7

Good point Avarian,
I think in this case there may be a bit more to it. The FPSO has been on site for many months and the vessel owners dont normally leave themselves exposed to delays caused by the field operators.Also there is normally a payment due when the vessel arrives on site etc.I dont know the particulars of this deal but I think you will find that the field owners already owe a boatload of money to the vessel owners.The easiest way to check all this cashflow discussion is to have a look at Nidos next qtly report and cashflow statement.