Top says the original $4m facility has been stretcheduntil August 2013 and been cut to $3.25m.
Top explains part of the pact involves Laurasia pickingup a $4,039 per day charter termination fee from one of its vessels.
It will also pay undisclosed fees and expenses, an SECfiling reveals.
Attempts to contact the owner for further details andcomment on the development were not immediately successful at the time ofwriting Thursday.
Top took out the loan with Laurasia in 2010 as part ofits effort to refinance a top up facility with DBV and originally had untilAugust 2011 to pay its dues.
