Bimco Charter Party signed with G R Infraprojects for 180-day hire of vessel SEAMEC II on ONGC project
Seamec has entered into a Bimco Charter Party with G R Infraprojects Limited to charter-hire its vessel "SEAMEC II".
- Contract Value
- approximately USD 19.02 million, exclusive of GST
- Tenure
- 180 days, with option for extension on mutually agreed terms
- Vessel
- SEAMEC II
- Commencement Window
- 15th October 2026 to 31st October 2026
- Project Scope
- subsea installation work in ONGC's Part Replacement Pipeline (PRP-8A) and DSF 2 projects
What was signed
Seamec Limited has entered into a Bimco Charter Party with M/s. G R Infraprojects Limited for charter hire of its vessel "SEAMEC II". A charter party is a contract under which a vessel owner hires out the vessel to another party for a defined period.
Where the vessel will work
The vessel is to be deployed for subsea installation work in the Part Replacement Pipeline (PRP-8A) and DSF 2 projects of Oil and Natural Gas Corporation Limited (ONGC). Seamec is therefore working as a subcontractor to G R Infraprojects on ONGC's offshore work.
Key terms
- Tenure: 180 days, with option for extension on mutually agreed terms
- Total value: approximately USD 19.02 million, exclusive of GST
- Charter to commence within the window period of 15th October 2026 to 31st October 2026
Other disclosures
- Seamec holds no shareholding in the counterparty
- G R Infraprojects is not related to the promoter, promoter group or group companies
- The transaction does not fall within related party transactions
- No special rights such as board nomination or share subscription rights are attached
How to read it
This is an order-book style disclosure: it gives visibility on utilisation of one of Seamec's vessels for a defined six-month period, with a stated contract value. Actual revenue recognition will depend on the charter commencing in the stated window and on how the 180 days run, including any extension agreed later.
Also from Seamec
Vessel SAMUDRA PRABHA recused from its project from Oct 5, 2026 for statutory drydocking
5 Oct 2026
More numbers
- Total value of charter party / subcontractUSD 19.02 million
- Tenure of charter180 days
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