PT Sillo Maritime Perdana Tbk is an Indonesia-based shipping company, which provides offshore vessels to support the business activities of the upstream oil and gas industries. The Company is engaged in shipping operations with nine vessels, namely SHIP 114, Ina Waka, Ina Sela, Ina Permata I, Ina Permata II, Ina Tuni, S Eleanor, S Hermes and S Grace. The Company operates and manages business in a single segment, which provides vessel charter and other marine services. It rents out its own vessels based on time charter in return for rental based on tenders or negotiations between the two parties. During the rental period, the lessee is responsible for paying all travel expenses, including costs of fuel and port. It is responsible for vessel crews, vessel maintenance, spare parts and other operational costs, all of which have been calculated in the rental fees agreed by both parties. In this time charter scheme, the charterers rent the vessel and crews in full for a certain period.