Independent Tankers Corporation Limited : ITCL - Termination of Charter British Progress

   Independent Tankers Corporation Limited : ITCL - Termination of Charter
                               British Progress

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.

Independent Tankers Corporation Limited
Hamilton, Bermuda
February 4, 2013

Questions should be directed to:
Magnus Vaaler, Frontline Management AS
+47 23 11 40 00

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Source: Independent Tankers Corporation Limited via Thomson Reuters ONE
HUG#1675256
 
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