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Shipyards Cadiz Telf.: 134-561 27 33 50 Fax: (34-56127 8362 25 68 28 Telex: 76021 ASTILE 76153 AVEN E Sevilla TeH.: 134-54145 10 11 Fax: 134-54: 45 76 59 Telex: 72345 ASTIL E Bilbao Telf. 134-41495 71 50 Fax: I34-4I 496 49 76 Telex: 31519 AERSE Why you should repair (or convert) your ships at Astilleros We think that you have at least four good reasons to choose Spain: Our strategic allocation Spain is the natural crosspoint for all major routes linking America, Europe and the East, and crude oil shipping through the Suez Canal or the Cape of Good Hope. Our technical skills and facilities. 12 dry docks and 2 floating docks, with capacities up to 400.000 d.w.t. Our conversion experience Ask for the facts. Astilleros has successfully converted all kinds of vessels (our recent contracts include the conversion of a 21.000 dwt Bulkcarrrier into a molten Sulphur carrier for Naviminl. And Astilleros is a well known leader in FPS0 and FSU and in Internal Blasting and Coating. A spread of specialized yards. Along the long coastline of Spain, and covering all tonnages. And the Spanish weather... Last but no least: an excellent climate means that work is rarely held up by adverse weather. As Astilleros offers, also, the best price and surprising financial packages, don't you think it's high time to check on us? ASTILLEROS ESPANOLES For further information: Astilleros Espanoles, S.A. Padilla, 17 28006 Madrid Tel. (3411 435 78 40 Telex 27648 ASTIL E Fax. (341)576 29 56 The Shipbuilders of Spain Circle 350 on Reader Service Card