Charter structure - American Shipping Company

CHARTER STRUCTURE

   Bareboat from AMSC to OSG                        
   OSG extension options for life of vessels
   OSG extension options for life of vessels
Unit Type Delivered Counterparty 2017 2018 2019 2020 2021 2022 2023 2024 2025               Life of Vessels
Icon Overseas Houston Veteran Class MT46 2007 OSG
Icon Overseas Long Beach Veteran Class MT46 2007 OSG
Icon Overseas Los Angeles Veteran Class MT46 2007 OSG
Icon Overseas New York Veteran Class MT46 2008 OSG
Icon Overseas Texas City Veteran Class MT46 2008 OSG
Icon Overseas Boston Veteran Class MT46 2008 OSG
Icon Overseas Nikiski Veteran Class MT46 2009 OSG
Icon Overseas Martinez Veteran Class MT46 2010 OSG
Icon Overseas Anacortes Veteran Class MT46 2010 OSG
Icon Overseas Tampa Veteran Class MT46 2011 OSG