Belgium's Exmar has disclosed that trader Gunvor Group paid it $56.8m following an arbitration in a floating storage and regasification barge charter dispute earlier this year.
The payment will be timely as the company decides how to tackle a looming NOK 650m ($75m) bond maturing in 2022.
In May, Exmar had said an arbitration panel ruled in its favour in a row involving Gunvor's hire of Exmar's 25,000-cbm FSRU S188 (built 2017).
