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