One-timeOSG spin-off DHT saw contracts for the 154,000-dwt Overseas Newcastle (built2001) and Overseas London (built 2000) ripped up after the charterer filed forbankruptcy.
Itexplains its claims against OSG and affiliates running to $51.84m have beenbought by Citigroup Financial Products for 33.25% of their value.
DHTwill collect an initial $6.89m from the deal, with more to come once the claimsare allowed by the New York bankruptcy court.
