![Grace Emilia (Photo: NYK)](http://media.assettype.com/bairdmaritime%2Fimport%2Fwp-content%2Fuploads%2F211230-5-NYK.jpg?w=480&auto=format%2Ccompress&fit=max)
Nippon Yusen Kabushiki Kaisha (NYK) and Indian state-owned natural gas company GAIL have entered into a multi-year time-charter contract for an LNG carrier.
The vessel that will serve the charter is Grace Emilia, which has a total cargo capacity of 174,000 cubic metres and a re-liquefaction system that can use re-liquefied excess boil-off gas and return it to the cargo tanks.
NYK said it entered into discussions with GAIL on a possible vessel time-charter after it recognised the potential increase in demand for LNG in the Indian market.