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Indiaexportnews.com

Termination of charter of a single hull VLCC

  18.03.2010    

Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long-term charter party between the companies for the single hull VLCC Golden River and Ship Finance has simultaneously sold the vessel to an unrelated third party.
The termination of the charter is expected to take place in April 2010 and Ship Finance will make a compensation payment to Frontline of approximately $2.9 million for the early termination of the charter party.
 



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