ITCL - Potential termination of charter and update on the Front Voyager Consent Solicitation
(Thomson Reuters ONE) -
Independent Tankers Corporation Limited announces that Chevron Transport
Corporation ("Chevron") has given nine monthsnon-binding notice of termination
for the bareboat charter for the VLCC Antares Voyager. If Chevron choose to
terminate the bareboat charter, a six months binding notice of termination has
to given in June 2010 and such termination to take effect in December 2010. The
vessel will continue on a bareboat rate of $28,500 per day until December 2010.
With reference to the press release issued February 17, 2010 regarding Front
Voyager, we hereby confirm that the bondholders have approved amendments and
clarification to certain indenture and related collateral agreement provisions
and definitions to provide for the sale of the single-hull tanker Suezmax Front
Voyager.
For further information, please find enclosed full style of the press release
issued by California Petroleum Transport Corporation.
The Board of Directors
Independent Tankers Corporation Limited
Hamilton, Bermuda
March 3, 2010
Questions should be directed to:
Bengt Neteland: Vice President Finance, Frontline Management
AS
+47 23 11 40 37 or +47 924 99 386
[HUG#1390657]
Press release California Petroleum Transport Corporation: http://hugin.info/138953/R/1390657/348583.pdf
Unternehmensinformation / Kurzprofil:
Datum: 03.03.2010 - 14:53 Uhr
Sprache: Deutsch
News-ID 13111
Anzahl Zeichen: 0
contact information:
Town:
0112 Oslo
Kategorie:
Business News
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"ITCL - Potential termination of charter and update on the Front Voyager Consent Solicitation"
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