Page 40: of Maritime Reporter Magazine (September 1995)

Broad & Cassel

Represents Commodore In

Cruise Ship Acquisition

The law firm Broad and Cassel acted as legal counsel to Commo- dore Holdings Ltd., a Bermuda cor- poration, in connection with the acquisition of certain of the assets of Commodore Cruise Line from

EffJohn International, B.V.

The acquisition closed in London on July 14, 1995. Commodore

Holdings Ltd. acquired the assets, including two cruise ships, the En- chanted Seas and the Enchanted

Isle. Partners, James S. Cassel and Alan S. Lederman, and senior associate, Kathleen L. Deutsch, of the firm's Miami office corporate and securities group, handled the matter on behalf of Jeffrey I.

Binder, the chairman of Commo- dore Holdings Ltd. They were as- sisted by Commodore's London counsel, Tim Walker, Lisa Nunn and Chris Aujard of Norton Rose;

Bermuda counsel, A. Robert

Miller and Helen Forrest of

Richards, Francis & Francis and

Panamanian counsel, Dr. Alfonso

Arias of Galindo, Arias & Lopez.

An affiliate of EffJohn provided a portion of the funding for the acqui- sition through a loan to Commo- dore Holdings. EffJohn's principal lender, Merita Bank, formerly

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Circle 398 on Reader Service Card

NDUSTRIES, INC. 42 known as Union Bank of Finland, approved such financing. EffJohn

International, B.V. was represented by Finnish counsel, Neptun Juridica,

Thomas Forss, partner.

BAV Wins $202.9 Million

Contract

The U.S. Navy awarded BAV, a division of VSE Corp., a $202.9 mil- lion contract to provide services to governments operating former U.S.

Navy ships and ship systems through the Foreign Military Sales program. The contract, funded by the foreign customers, includes nine one-year options which, if exer- cised, could bring the total cumula- tive value of the contract to over $1 billion.

The Defense Department said the contract would offer one-stop shopping for technical support and materials for the maintenance of ships and ship systems bought, leased or transferred to other coun- tries through the FMS program.

The contract would also give VSE access to foreign markets and in- come from abroad, while allowing it to establish relationships with for- eign customers. Foreign navies, meanwhile, would receive high-qual- ity support services from U.S. in- dustry for systems and equipment no longer in service in the U.S.

Navy, the Pentagon said.

Sanders Wins $26 Million

Navy Contract

Sanders, a Lockheed Martin com- pany, has received an initial $26 million contract from the Depart- ment of the Navy for the Engineer- ing, Manufacturing and Develop- ment phase of a cooperative U.S.-

U.K. logistics upgrade program for the AN/SSQ-108 Outboard system.

Under the contract, Sanders will provide Engineering Development

Models to be delivered over the next two years, with additional options for low rate initial produc- tion units to be exercised over the next three years. The total value of the contract, including options, will be $67 million.

Work will be performed at Sand- ers' Surveillance Systems Division in Hudson, N.H. Planned major subcontractors are Siemens Plessey of Christchurch, England; Applied

Signal Technology of Sunnyvale,

Calif.; and Southwest Research of

San Antonio, Texas.

The Outboard system, which was produced by Sanders, provides shipborne countermeasures detec- tion and analysis for U.S. and Royal

Navy destroyers. The upgrade will allow system components to handle current and future threats with a sustainable logistical design.

OMI Announces Executive

Appointments

OMI Corp. announced the ap- pointment of Robert Bugby as

Maritime Reporter/Engineering News