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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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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

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