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PBR » Topics » a) Subsidy reserve - AFRMM

This excerpt taken from the PBR 6-K filed Mar 4, 2008.

a) Subsidy reserve - AFRMM

This reserve represents funds received from freight surcharges levied for the Renewal of the Merchant Marine (AFRMM). These funds are used to purchase, enlarge or repair vessels of the fleet, pursuant to Administrative Instruction N° 188 of the Ministry of Finance, dated September 27, 1984.

This excerpt taken from the PBR 6-K filed Mar 18, 2005.

Subsidy reserve - AFRMM

This reserve represents funds received from freight surcharges levied for the renewal of the Merchant Marine (AFRMM). These funds are used to purchase, enlarge or repair vessels of the fleet, pursuant to Administrative Instruction No. 188 of the Ministry of Finance, dated September 27, 1984.

EXCERPTS ON THIS PAGE:

6-K
Mar 4, 2008
6-K
Mar 18, 2005

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