EXERCISE OF OPTION TO EXTEND AND AMENDMENT NO. 1 TO CHARTER PARTY DATED OCTOBER 6, 2005 (THE “CHARTERPARTY”) BETWEEN CHRIS TANKER CORPORATION (THE “OWNERS”) AND DHT CHRIS VLCC CORP. (THE “CHARTERERS”) FOR THE VESSEL OVERSEAS CHRIS

Exhibit 10(i)(d)

 

EXERCISE OF OPTION TO EXTEND AND

AMENDMENT NO. 1

TO

CHARTER PARTY

DATED OCTOBER 6, 2005

(THE “CHARTERPARTY”)

BETWEEN

▇▇▇▇▇ TANKER CORPORATION   (THE “OWNERS”)

AND

DHT ▇▇▇▇▇ VLCC CORP. (THE “CHARTERERS”)

FOR THE VESSEL

OVERSEAS ▇▇▇▇▇

 

Pursuant to clause 99 of the Charterparty, the Charterers hereby declare, as of November 26, 2008, the exercise of the first 12 months of the option period which shall commence on October 17, 2011 at 0001 hours GMT and end on October16, 2012 at 2400 hours GMT (the “Option Period”).

 

As of the date of this agreement, the Owners and the Charterers hereby amend the terms of the Charterparty as follows:

 

(1) Notwithstanding clause 99, the rate during the Option Period shall, at the option of the Charterers, be:

 

a)              usd 38,500 per day; or

b)             the market rate as determined by the Association of Shipbrokers Agents and Agents Tanker Broker Panel plus five percent  provided, however, that the rate payable during the Option Period shall never be less than usd 33,500 per day.

 

(2) Except as expressly amended by this agreement, the terms and conditions of the Charterparty  remain unchanged and in full force and effect including, without limitation, the profit sharing arrangement between the Owners and the Charterers.

 

 

January 15, 2009

 

 

For ▇▇▇▇▇ Tanker Corporation			For DHT ▇▇▇▇▇ VLCC Corp.
By:	/s/Ole ▇▇▇▇▇ ▇▇▇▇▇▇		By:	/s/Mats ▇▇▇▇▇▇▇▇
Name:	/s/Ole ▇▇▇▇▇ ▇▇▇▇▇▇		Name:	Mats ▇▇▇▇▇▇▇▇
Title:	Vice President		Title:	Senior Vice President