Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
The facility lasts for a period of 10 years and six months, and includes a maximum two-year grace period, the firm known as Bahri said in the bourse statement.
A murabaha is a cost-plus-profit arrangement which complies with Islamic finance standards.
The exclusive oil-shipper for Saudi Aramco last year signed a deal to buy five very large crude tankers from ship builders Hyundai Heavy Industries. ($1 = 3.7500 riyals) (Reporting by Tom Arnold; Editing by David French)
(c) Copyright Thomson Reuters 2016.
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