In regards for restructuring and settling of debt to Bank Mandiri Singapore, the Company Subsidiary, PT Trada Samudera Bangsa, has signed Memorandum of Agreement (MoA) concerning the Vessel Sale Agreement of MV Samudera Bangsa with Alfa Ship Trading LLC on June 2, 2016; And The Company obtained extension of contract for the charter of SPAB (Self Propelled Accomodation Barge) for a period of 2 years.