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
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Source: Independent Tankers Corporation Limited via Thomson Reuters ONE
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