ITCL - Termination of Charters
(Thomson Reuters ONE) -
With reference to the press release issued March 3, 2010 regarding Antares
Voyager, Independent Tankers Corporation Limited ("ITCL") announces that Chevron
Transport Corporation ("Chevron") has given irrevocable notice of termination
for the bareboat charter for the VLCC Antares Voyager and such termination will
take effect in December 2010. The vessel will continue on a bareboat rate of
$28,500 per day until December 2010. The management will, in line with the
requirements in the bond indenture, seek alternative employment for the vessel.
In addition, Chevron has given nine months non-binding notice of termination for
the bareboat charter for the VLCC Phoenix Voyager. If Chevron choose to
terminate the bareboat charter, a six months irrevocable notice of termination
has to given in September 2010 and such termination will take effect in March
2011. The vessel will continue on a bareboat rate of $28,500 per day until March
2011.
The Board of Directors
Independent Tankers Corporation Limited
Hamilton, Bermuda
June 14, 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#1423987]
Unternehmensinformation / Kurzprofil:
Datum: 15.06.2010 - 11:36 Uhr
Sprache: Deutsch
News-ID 22436
Anzahl Zeichen: 0
contact information:
Town:
0112 Oslo
Kategorie:
Business News
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"ITCL - Termination of Charters"
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