Independent Tankers Corporation Limited announces that BP Shipping Ltd. has extended the charters for the VLCCs British Purpose and British Pride for one additional year. British Purpose will trade on a market rate with a minimum bareboat rate of $20,000 per day until July 14, 2014. British Pride will trade on a market rate with a minimum bareboat rate of $20,000 per day until July 30, 2014.
The Board of Directors
Independent Tankers Corporation Limited
Hamilton, Bermuda
July 23, 2012
Questions should be directed to:
Magnus Vaaler, Frontline Management AS
+47 23 11 40 00