4.3.18Inventories
|
31 December 2018 |
31 December 2017 |
||
|---|---|---|---|
|
Materials and consumables |
3 |
3 |
|
|
Goods for resale |
2 |
- |
|
|
MPF under construction |
96 |
7 |
|
|
Total |
101 |
10 |
Multi Purpose Floater (’MPF’) under construction relates to the ongoing EPC phase of two Fast4WardTM new-build multi-purpose hulls. The Company signed contracts with China Shipbuilding Trading Company, Ltd. and the shipyard of Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. in June 2017 and November 2018 for the construction of these two hulls.
The Fast4WardTM hulls remain in inventory until they are allocated to an award of an FPSO contract.