ITCL - Extension of Charter>
ITCL - Extension of Charter
(Thomson Reuters ONE) - Independent Tankers Corporation Limited ("ITCL") is pleased toannounce that BP Shipping Limited ("BP") has extended the charter forthe VLCC British Purpose for one year after the fixed period ends inJuly 2010. The vessel will continue on a bareboat rate of $24,895 perday until the fixed period ends in July 2010, followed by a marketrate with a minimum of $20,000 per day until July 2011.As a consequence of the charter extension, the charter coverage forthe four VLCCs with BP is 100 percent in 2009, 100 percent in 2010and 30 percent in 2011.The Board of DirectorsIndependent Tankers Corporation LimitedHamilton, BermudaJuly 16, 2009Questions should be directed to:Bengt Neteland: Vice President Finance, Frontline ManagementAS +47 924 99 386This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 16.07.2009 - 08:57 Uhr
Sprache: Deutsch
News-ID 3628
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