ITCL - Front Voyager

Press release from Independent Tankers Corporation Limited 17.02.2010

Please be informed that California Petroleum Transport Corporation, acting on behalf of the CalPetro Tankers (Bahamas III) Limited, the owner of the single hull tanker Suezmax Front Voyager, has today launched a consent solicitation to amend the indenture relating to its 8.52% First Preferred Mortgage Notes due 2015.

 

The purpose of the consent solicitation is to amend and clarify certain indenture and related collateral agreement provisions and definitions to provide for the sale of the single-hull tanker Suezmax Front Voyager.

 

For further information, please find enclosed full style of the press release issued by California Petroleum Transport Corporation.

 

Independent Tankers Corporation Limited

February 17, 2010

 

Questions should be directed to: 

Bengt Neteland: Vice President Finance, Frontline Management AS               

+47 23 11 40 37

CalPetro - Consent Launch Press Release