Optimal Voyage System Development Agreement between Hyundai Heavy Industries and e-MARINE Inc.
Hyundai Heavy Industries Co., Ltd. and e-MARINE Inc. have entered into an agreement for the development of a platform-based Optimal Voyage System. e-MARINE Inc. will conduct research and share the results with Hyundai Heavy Industries, following a schedule set by Hyundai. The contract is valued at 98,400,000 Won and covers the period from January 2, 2017, to March 30, 2017. Both parties have agreed to execute all necessary tasks related to the project within this timeframe.
Optimal Voyage System Development Contract
Smart Ship Technology Solution for Hyundai Heavy Industries
Project: Platform based Optimal Voyage System Development
Price: 98,400,000 Won
Period: January 2nd 2017 – March 30th 2017
Purpose: The Provider (e-MARINE Inc.) executes and share research results to the ordering (Hyundai Heavy Industries Co., Ltd.)
Research Schedule: The basic schedule for the research is determined by Hyundai Heavy Industries Co., Ltd.
Hyundai Heavy Industries Co., Ltd. (“The Customer”) and e-MARINE Inc. (“The Supplier”) agree to execute all matters for [Platform based Optimal Voyage System Development]
December 28th 2016
The Ordering
Oh Gap Kwon
CEO of Hyundai Heavy Industries
The Provider
Ung Gyu Kim
CEO of e-MARINE
