ITCL - Extension of Charter
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Independent Tankers Corporation Limited announces that BP Shipping Limited has
extended the charter for the VLCC British Progress for one additional year and
the vessel will trade on a market rate with a minimum bareboat rate of $20,000
per day until February 2, 2014.
The Board of Directors
Independent Tankers Corporation Limited
Hamilton, Bermuda
February 7, 2012
Questions should be directed to:
Magnus Vaaler, Vice President Finance, Frontline Management AS
+47 23 11 40 00
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Independent Tankers Corporation Limited via Thomson Reuters ONE
[HUG#1583214]
BMG4758V1000
