Chevron Terminates Charter Contract for ITCL’s VLCC Phoenix Voyager (Bermuda)

Independent Tankers Corporation Limited (“ITCL”) announces that Chevron Transport Corporation (“Chevron”) has given six months irrevocable notice of termination of the bareboat charter for the VLCC Phoenix Voyager.

The vessel will be redelivered from Chevron to ITCL in March 2013.