Bourbon is rolling out a transformation plan for its future growth. As part of its “Transforming for Beyond” project, Bourbon has decided to sell vessels worth $2.5 billion from its fleet and retain the vessels on bareboat charter for a period of 10 years. The terms of a first phase of the financial aspect of “Transforming for Beyond” was signed off on April 9th with the Chinese company ICBC Financial Leasing for up to 51 supply vessels either in operation (24) or under construction (27 with delivery within 14 months) for a total of up to $1.5 billion. The transaction will be closed within two months of its signing following completion of each party procedures. -right of first refusal in the event of ICBC Financial Leasing selling vessels during lease period.