Exmar announced that it has taken delivery of the Caribbean floating gas liquefaction (CFLNG) vessel on 27-July from China-based Wison Offshore & Marine.
The CFLNG consists of a 0.5 MMT/Y floating liquefaction plant with 16,000-CM of LNG storage and “will remain moored in Wison Shipyard,” because it has not yet been allocated for a certain LNG export project. “Communication on the employment of the CFLNG will be made once the final agreement with the customer is signed,” Exmar said in its statement.
Backgrounds:

On 28 Jun. 2017, Exmar announced that it has fully secured together with Bank of China, Sinosure and a leading European financial institution [Deutsche Bank], a $200 million financing for its Caribbean FLNG which “is currently being built at Wison Offshore and Marine and will be delivered in the coming weeks.” The proceeds from the financing will be used to pay the last instalment to the shipyard.
On 28 Apr. 2017, Exmar said that receiving of its Caribbean FLNG unit has been delayed because funding and final delivery of the vessel is still awaiting approval from Chinese financiers which was expected to take place in mid-April but is now anticipated to be received “in the course of May.”
The Bank of China and a leading European financial institution are financing $200mn of the Caribbean FLNG with a repayment term of 12 years. But the deal is still subject to final approval from China's export credit insurance agency Sinosure.

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