Including all these initiatives, Teekay’s consolidated liquidity has increased to $1.1 billion as of June 30. Turning to slide 4, I’ll briefly touch on some recent business highlights for Teekay Parent. In June, we reached agreement to sell Teekay Parent’s last remaining conventional tanker, the Shoshone Spirit VLCC, for gross proceeds for approximately $63 million, which is expected to further reduce Teekay Parent’s financial leverage. The vessel is expected to continue operating under its existing time charter contract earning $49,000 per day until its delivery to the buyer between late September and early October 2016. Read More In July, we secured a short-term charter commencing in August for the Polar Spirit LNG carrier, which Teekay Parent has then chartered from Teekay LNG. The other LNG carrier chartered in from Teekay LNG, the Arctic Spirit, remains in layup. We are looking at multi-year contracts for both of these niche trade vessels in China with expected startup as early as the first quarter of 2017. Lastly, the Hummingbird FPSO has been operating in the latter part of its charter contract with Centrica Energy on the Chestnut Field in the UK sector where Centrica could terminate the contract at any time with 90 days notice. In June, we entered into a contract amendment with Centrica to extend the firm period to September 2017 in exchange for a lower fixed charter rate, but with upside accruing to Teekay through an oil price tariff. This contract extension allows us to avoid laying up and certain decommissioning costs while maintaining optionality as Centrica continues to assess their options with the Chestnut Field and we retain upside through the oil price tariff.
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