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
CHRIS TANKER CORPORATION (THE OWNERS)
AND
DHT CHRIS VLCC CORP. (THE CHARTERERS)
FOR THE VESSEL
OVERSEAS CHRIS
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 Chris Tanker Corporation |
| For DHT Chris VLCC Corp. | ||
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By: | /s/Ole Jacob Diesen |
| By: | /s/Mats Berglund |
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Name: | /s/Ole Jacob Diesen |
| Name: | Mats Berglund |
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Title: | Vice President |
| Title: | Senior Vice President |