Thetwo loans have been arranged by the Japan Bank for International Cooperation(JBIC) and will be co-financed with the Tokyo Branch of BNP Paribas Bank (lead arranger)and Sumitomo Mitsui Trust Bank.

Tokyo-basedJBIC said the overall co-financing amount of each loan adds up to $24m andabout $23.7m for each of the ships.

The JBICportion of the financing amounts to $12m and about $11.8m respectively, it saidin a statement.

NipponExport