ITCL - Termination of Charter British Progress

February 4, 2013

Independent Tankers Corporation Limited ("ITCL") announces that BP Shipping Ltd. ("BP") has given twelve months irrevocable notice of termination of the bareboat charter for the VLCC British Progress.

The vessel will be redelivered from BP to ITCL in February 2014.


VLCC British Progress

Independent Tankers Corporation Limited, press release