24-inch Cutter Suction Dredger and Supplies
[NIGERIA]
Nationwide Equipment reconditioned and disassembled a 300-ton, 24-inch Cutter Suction Dredger, which was transported, in over 80 loads, from a fresh-water lake in South Carolina to the port of Savannah, Georgia. Nationwide Equipment’s highly trained technical crews supervised the local Nigerian labor forces used to reassemble all 80 loads once it reached its destination. The dredger is still currently working in the Nigerian Delta swamp region under contract. Nationwide accepted customer’s deferred payment terms by Local Bank Guarantee.
Financing: Arranged by Nationwide Finance which successfully raised required offshore capital on behalf of Access Bank.
Dollar Amount: $7,100,000 (millions)
