Norway's Hoegh LNG has reached a "commercial agreement" to settle a long-running boil-off dispute with charterer Total.

The money will be paid by spin-off Hoegh LNG Partners and unnamed joint venture partners that own the 145,130-cbm Neptune (built 2009) and 145,000-dwt Cape Ann (built 2010).

The final amount is in line with the provision of $23.7m