Bermuda: ITCL – Notice of Non-Binding Charter Termination for MT Phoenix Voyager

Independent Tankers Corporation Limited announces that Chevron Transport Corporation has given nine months non-binding notice of termination for the bareboat charter for the VLCC Phoenix Voyager.

Six months binding notice of termination has to be given by Chevron in September 2012 for the termination to take effect in March 2013. The vessel currently earns a bareboat rate of $28,500 per day.