Rig Move & Towage Note
A 90-day note against contracted rig relocation and towage work.
Gulf of Mexico · rig relocation corridors
- Minimum investment
- $15,000
- Investment period
- 3 months
- Indicative dividend
- 4.5%
- Payment frequency
- At maturity
- Available capacity
- $22.2M
$17.8M of $40M subscribed
About this offering
A 90-day note funding the anchor-handling tugs and mooring spreads committed to contracted rig moves — relocating jack-ups and semi-submersibles between drilling locations, and setting and recovering their moorings.
Rates are agreed with the operator before mobilisation, so the note is not exposed to spot towage pricing after it is issued. It remains exposed to weather standby, operational delay and the client's own drilling schedule.
Key terms
- Anchor-handling tugs committed to contracted rig moves
- Day rates agreed before mobilisation
- 90-day term, targeted for payment at maturity
- Minimum $15,000
Dividend structure
An indicative 4.5% of principal targeted for payment once at maturity, alongside the return of principal. Rates are agreed before mobilisation, but weather standby and schedule changes can extend a move and reduce the margin available for distribution.
What the minimum would earn at the indicative rate
You invest
$15,000
Per payout
$675.00
Payouts
1
Total returned
$15,675.00
The indicative rate applied to the minimum investment, held to maturity. Indicative rates are targets, not promises — distributions are funded from the operating results of the business and may be reduced, deferred or withheld. Not a forecast of performance.
Risk
You could lose your entire investment
Private offerings in the offshore energy services sector involve a high degree of risk, and you should be prepared to lose the entire amount you invest. Vessels may sit idle, charters may not be renewed, and operating costs may exceed revenue. There is no deposit …
Distributions are not guaranteed
Rates shown on this site are indicative targets, not promises. Distributions are funded from the operating results of the underlying business and may be reduced, deferred or withheld entirely when utilisation, day rates or costs do not support a payment. A scheduled distribution date indicates …
Your investment is illiquid
There is no secondary market for these interests. You cannot sell your position, and you should assume you will hold it until maturity — or, if operations are disrupted, indefinitely. Do not invest funds you may need to access before the stated term ends.