Royalty agreement between Quadrise and A.P. Moller-Maersk for Marine MSAR® Bunker Fuel Oil (Scandinavian Oil-Gas Magazine)

Royalty agreement between Quadrise and A.P. Moller-Maersk for Marine MSAR® Bunker Fuel Oil

Published Feb 25, 2014

Quadrise is pleased to announce that the Royalty Agreement signed by Quadrise International Limited (QIL) and A.P. Moller - Maersk (Maersk) on 11 February 2011 has been extended.

The revised Royalty Agreement executed on 21 February 2014 is now valid for the period up until 31 December 2022, an extension of 3 years to the original 31 December 2019 expiry date.

The Royalty Agreement provides the legal framework and key terms for future commercial supplies of Marine MSAR® fuel to Maersk and to third parties when the current programme transitions from development to commercial production and fuel supplies.

Tags: A.P. Moller-Maersk Group, Quadrise Fuels International

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