form6k.htm
 


 

 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K
 
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of May 2007

DOUBLE HULL TANKERS, INC.

(Exact name of Registrant as specified in its charter)
26 New Street
St. Helier, Jersey JE23A
Channel Islands
(Address of principal executive offices)
 
    (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
 
Form 20-F þ  Form 40-F o
 
    (Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of 1934.)
 
Yes o   No þ
 
    (If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2 (b))
 
 
 
 




 
 
 
Attached as Exhibits 99.1, 99.2, 99.3, 99.4, 99.5, 99.6 and 99.7 are Amendments dated May 11, 2007 to Ship Management Agreements dated October 6, 2005.
 
 
EXHIBIT LIST
 
 
 
Exhibit
 
Description
     
99.1
 
Amendment to Ship Management Agreement - Overseas Sophie.
 
 
 
99.2
 
Amendment to Ship Management Agreement - Overseas Ann.
     
99.3
 
Amendment to Ship Management Agreement - Overseas Rebecca.
 
 
 
99.4
 
Amendment to Ship Management Agreement - Overseas Chris.
     
99.5
 
Amendment to Ship Management Agreement - Overseas Cathy.
     
99.6
 
Amendment to Ship Management Agreement - Overseas Ania.
 
 
 
99.7
 
Amendment to Ship Management Agreement - Overseas Regal.
     

 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
  Double Hull Tankers, Inc.  
   (Registrant)  
       
Date:  May 17, 2007
By:
/s/ Eirik Ubøe  
    Name:  Eirik Ubø  
    Title:    Chief Financial Officer   
       
ex99-1.htm
Exhibit 99.1
 
 
AMENDMENT No. 1 TO
SHIP MANAGEMENT AGREEMENT

This Amendment No. 1 dated as of the 11th day of May, 2007 (the “Amendment”), to the Ship Management Agreement dated as of the 6th day of October 2005 (the “Ship Management Agreement”), between Sophie Tanker Corporation, a company incorporated under the laws of the Republic of the Marshall Islands (the “Vessel Owner”), and Tanker Management Ltd., a company incorporated under the laws of England (“Tanker Management”).
 
W I T N E S S E T H:
 
WHEREAS the Vessel Owner and Tanker Management are parties to the Ship Management Agreement, pursuant to which Tanker Management provides vessel management services to the Vessel Owner;
 
WHEREAS the Vessel Owner and Tanker Management wish to amend the terms of the Ship Management Agreement as of the date of this Amendment;
 
WHEREAS capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Ship Management Agreement.
 
NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein, the Vessel Owner and Tanker Management hereby agree as follows:
 
1.           The Ship Management Agreement is hereby amended by deleting the existing Clause 22 thereof in its entirety and replacing such provisions with the following:
 
“Clause 22.  Duration and Termination.  The term of this Agreement shall begin at the time specified in Clause 2 and shall continue in force until the expiration of the Charter, unless terminated in accordance with Clause 18 of this Agreement; provided, however, that either party shall have the right to terminate this Agreement upon 90 days' prior written notice to the other following the third anniversary of the effective date of this Agreement.”

2.           Except as expressly modified by this Amendment, the Ship Management Agreement shall remain in full force and effect in accordance with its terms.
 
3.           This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Facsimile signatures shall be valid and binding as original manual signatures.
 
4.           This Amendment shall be construed and the relations between the parties hereto determined in accordance with the laws of the State of New York, U.S.A.
 
 

 
 
5.           All disputes arising out of this Amendment shall be referred to arbitration in New York in accordance with the Rules of the Society of Marine Arbitrators, Inc., New York (SMA). Any award of the arbitrator(s) shall be final and binding and not subject to appeal.
 
[signature pages follow]
 
 
 
2

 

 
SOPHIE TANKER CORPORATION
 
By:
  /s/ Ole Jacob Diesen
 
Signature
   
  Ole Jacob Diesen
 
Name
   


TANKER MANAGEMENT LTD.
 
By:
   /s/ Ian Blackley
 
   
   Ian Blackley
 
Name
   
 
 
 
 

3

 
ex99-2.htm
Exhibit 99.2
 
 
AMENDMENT No. 1 TO
SHIP MANAGEMENT AGREEMENT

This Amendment No. 1 dated as of the 11th day of May, 2007 (the “Amendment”), to the Ship Management Agreement dated as of the 6th day of October 2005 (the “Ship Management Agreement”), between Ann Tanker Corporation, a company incorporated under the laws of the Republic of the Marshall Islands (the “Vessel Owner”), and Tanker Management Ltd., a company incorporated under the laws of England (“Tanker Management”).
 
W I T N E S S E T H:
 
WHEREAS the Vessel Owner and Tanker Management are parties to the Ship Management Agreement, pursuant to which Tanker Management provides vessel management services to the Vessel Owner;
 
WHEREAS the Vessel Owner and Tanker Management wish to amend the terms of the Ship Management Agreement as of the date of this Amendment;
 
WHEREAS capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Ship Management Agreement.
 
NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein, the Vessel Owner and Tanker Management hereby agree as follows:
 
1.  The Ship Management Agreement is hereby amended by deleting the existing Clause 22 thereof in its entirety and replacing such provisions with the following:
 
“Clause 22.  Duration and Termination.  The term of this Agreement shall begin at the time specified in Clause 2 and shall continue in force until the expiration of the Charter, unless terminated in accordance with Clause 18 of this Agreement; provided, however, that either party shall have the right to terminate this Agreement upon 90 days' prior written notice to the other following the third anniversary of the effective date of this Agreement.”

2.  Except as expressly modified by this Amendment, the Ship Management Agreement shall remain in full force and effect in accordance with its terms.
 
3.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Facsimile signatures shall be valid and binding as original manual signatures.
 
4.  This Amendment shall be construed and the relations between the parties hereto determined in accordance with the laws of the State of New York, U.S.A.
 
 

 
 
5.  All disputes arising out of this Amendment shall be referred to arbitration in New York in accordance with the Rules of the Society of Marine Arbitrators, Inc., New York (SMA). Any award of the arbitrator(s) shall be final and binding and not subject to appeal.
 
[signature pages follow]
 
 
 
 
2

 

 
ANN TANKER CORPORATION
 
By:
  /s/ Ole Jacob Diesen
 
Signature
   
  Ole Jacob Diesen
 
Name
   


TANKER MANAGEMENT LTD.
 
By:
   /s/ Ian Blackley
 
   
   Ian Blackley
 
Name
   
 
 
 
 
 3

ex99-3.htm
Exhibit 99.3
 
 
AMENDMENT No. 1 TO
SHIP MANAGEMENT AGREEMENT

This Amendment No. 1 dated as of the 11th day of May, 2007 (the “Amendment”), to the Ship Management Agreement dated as of the 6th day of October 2005 (the “Ship Management Agreement”), between Rebecca Tanker Corporation, a company incorporated under the laws of the Republic of the Marshall Islands (the “Vessel Owner”), and Tanker Management Ltd., a company incorporated under the laws of England (“Tanker Management”).
 
W I T N E S S E T H:
 
WHEREAS the Vessel Owner and Tanker Management are parties to the Ship Management Agreement, pursuant to which Tanker Management provides vessel management services to the Vessel Owner;
 
WHEREAS the Vessel Owner and Tanker Management wish to amend the terms of the Ship Management Agreement as of the date of this Amendment;
 
WHEREAS capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Ship Management Agreement.
 
NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein, the Vessel Owner and Tanker Management hereby agree as follows:
 
1.           The Ship Management Agreement is hereby amended by deleting the existing Clause 22 thereof in its entirety and replacing such provisions with the following:
 
“Clause 22.  Duration and Termination.  The term of this Agreement shall begin at the time specified in Clause 2 and shall continue in force until the expiration of the Charter, unless terminated in accordance with Clause 18 of this Agreement; provided, however, that either party shall have the right to terminate this Agreement upon 90 days' prior written notice to the other following the third anniversary of the effective date of this Agreement.”

2.           Except as expressly modified by this Amendment, the Ship Management Agreement shall remain in full force and effect in accordance with its terms.
 
3.           This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Facsimile signatures shall be valid and binding as original manual signatures.
 
4.           This Amendment shall be construed and the relations between the parties hereto determined in accordance with the laws of the State of New York, U.S.A.
 
 

 
 
5.           All disputes arising out of this Amendment shall be referred to arbitration in New York in accordance with the Rules of the Society of Marine Arbitrators, Inc., New York (SMA). Any award of the arbitrator(s) shall be final and binding and not subject to appeal.
 
[signature pages follow]
 
 
 
2

 

 
REBECCA TANKER CORPORATION
 
By:
  /s/ Ole Jacob Diesen
 
Signature
   
  Ole Jacob Diesen
 
Name
   


TANKER MANAGEMENT LTD.
 
By:
   /s/ Ian Blackley
 
   
   Ian Blackley
 
Name
   
 
 
 

3

 
ex99-4.htm
Exhibit 99.4
 
 
AMENDMENT No. 1 TO
SHIP MANAGEMENT AGREEMENT

This Amendment No. 1 dated as of the 11th day of May, 2007 (the “Amendment”), to the Ship Management Agreement dated as of the 6th day of October 2005 (the “Ship Management Agreement”), between Chris Tanker Corporation, a company incorporated under the laws of the Republic of the Marshall Islands (the “Vessel Owner”), and Tanker Management Ltd., a company incorporated under the laws of England (“Tanker Management”).
 
W I T N E S S E T H:
 
WHEREAS the Vessel Owner and Tanker Management are parties to the Ship Management Agreement, pursuant to which Tanker Management provides vessel management services to the Vessel Owner;
 
WHEREAS the Vessel Owner and Tanker Management wish to amend the terms of the Ship Management Agreement as of the date of this Amendment;
 
WHEREAS capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Ship Management Agreement.
 
NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein, the Vessel Owner and Tanker Management hereby agree as follows:
 
1.        The Ship Management Agreement is hereby amended by deleting the existing Clause 22 thereof in its entirety and replacing such provisions with the following:
 
“Clause 22.  Duration and Termination.  The term of this Agreement shall begin at the time specified in Clause 2 and shall continue in force until the expiration of the Charter, unless terminated in accordance with Clause 18 of this Agreement; provided, however, that either party shall have the right to terminate this Agreement upon 90 days' prior written notice to the other following the third anniversary of the effective date of this Agreement.”

2.        Except as expressly modified by this Amendment, the Ship Management Agreement shall remain in full force and effect in accordance with its terms.
 
3.        This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Facsimile signatures shall be valid and binding as original manual signatures.
 
4.        This Amendment shall be construed and the relations between the parties hereto determined in accordance with the laws of the State of New York, U.S.A.
 
 

 
 
5.        All disputes arising out of this Amendment shall be referred to arbitration in New York in accordance with the Rules of the Society of Marine Arbitrators, Inc., New York (SMA). Any award of the arbitrator(s) shall be final and binding and not subject to appeal.
 
[signature pages follow]
 
 
 
2

 
 
 
 
CHRIS TANKER CORPORATION
 
By:
  /s/ Ole Jacob Diesen
 
Signature
   
  Ole Jacob Diesen
 
Name
   
 

TANKER MANAGEMENT LTD.
 
By:
   /s/ Ian Blackley
 
   
   Ian Blackley
 
Name
   
 

 
3

ex99-5.htm
Exhibit 99.5
 
 
AMENDMENT No. 1 TO
SHIP MANAGEMENT AGREEMENT

This Amendment No. 1 dated as of the 11th day of May, 2007 (the “Amendment”), to the Ship Management Agreement dated as of the 6th day of October 2005 (the “Ship Management Agreement”), between Cathy Tanker Corporation, a company incorporated under the laws of the Republic of the Marshall Islands (the “Vessel Owner”), and Tanker Management Ltd., a company incorporated under the laws of England (“Tanker Management”).
 
W I T N E S S E T H:
 
WHEREAS the Vessel Owner and Tanker Management are parties to the Ship Management Agreement, pursuant to which Tanker Management provides vessel management services to the Vessel Owner;
 
WHEREAS the Vessel Owner and Tanker Management wish to amend the terms of the Ship Management Agreement as of the date of this Amendment;
 
WHEREAS capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Ship Management Agreement.
 
NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein, the Vessel Owner and Tanker Management hereby agree as follows:
 
1.  The Ship Management Agreement is hereby amended by deleting the existing Clause 22 thereof in its entirety and replacing such provisions with the following:
 
“Clause 22.  Duration and Termination.  The term of this Agreement shall begin at the time specified in Clause 2 and shall continue in force until the expiration of the Charter, unless terminated in accordance with Clause 18 of this Agreement; provided, however, that either party shall have the right to terminate this Agreement upon 90 days' prior written notice to the other following the third anniversary of the effective date of this Agreement.”

2.  Except as expressly modified by this Amendment, the Ship Management Agreement shall remain in full force and effect in accordance with its terms.
 
3.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Facsimile signatures shall be valid and binding as original manual signatures.
 
4.  This Amendment shall be construed and the relations between the parties hereto determined in accordance with the laws of the State of New York, U.S.A.
 
 

 
 
5.  All disputes arising out of this Amendment shall be referred to arbitration in New York in accordance with the Rules of the Society of Marine Arbitrators, Inc., New York (SMA). Any award of the arbitrator(s) shall be final and binding and not subject to appeal.
 
[signature pages follow]
 
 
 
2

 

CATHY TANKER CORPORATION
 
By:
 
  /s/ Ole Jacob Diesen
 
Signature
   
  Ole Jacob Diesen
 
Name
   


TANKER MANAGEMENT LTD.
 
By:
   /s/ Ian Blackley
 
   
   Ian Blackley
 
Name
   
 
 

ex99-6.htm
Exhibit 99.6
 
 
 
AMENDMENT No. 1 TO
SHIP MANAGEMENT AGREEMENT

This Amendment No. 1 dated as of the 11th day of May, 2007 (the “Amendment”), to the Ship Management Agreement dated as of the 6th day of October 2005 (the “Ship Management Agreement”), between Ania Aframax Corporation, a company incorporated under the laws of the Republic of the Marshall Islands (the “Vessel Owner”), and Tanker Management Ltd., a company incorporated under the laws of England (“Tanker Management”).
 
W I T N E S S E T H:
 
WHEREAS the Vessel Owner and Tanker Management are parties to the Ship Management Agreement, pursuant to which Tanker Management provides vessel management services to the Vessel Owner;
 
WHEREAS the Vessel Owner and Tanker Management wish to amend the terms of the Ship Management Agreement as of the date of this Amendment;
 
WHEREAS capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Ship Management Agreement.
 
NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein, the Vessel Owner and Tanker Management hereby agree as follows:
 
1.  The Ship Management Agreement is hereby amended by deleting the existing Clause 22 thereof in its entirety and replacing such provisions with the following:
 
“Clause 22.  Duration and Termination.  The term of this Agreement shall begin at the time specified in Clause 2 and shall continue in force until the expiration of the Charter, unless terminated in accordance with Clause 18 of this Agreement; provided, however, that either party shall have the right to terminate this Agreement upon 90 days' prior written notice to the other following the third anniversary of the effective date of this Agreement.”

2.  Except as expressly modified by this Amendment, the Ship Management Agreement shall remain in full force and effect in accordance with its terms.
 
3.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Facsimile signatures shall be valid and binding as original manual signatures.
 
4.  This Amendment shall be construed and the relations between the parties hereto determined in accordance with the laws of the State of New York, U.S.A.
 
 
 

 
 
5.  All disputes arising out of this Amendment shall be referred to arbitration in New York in accordance with the Rules of the Society of Marine Arbitrators, Inc., New York (SMA). Any award of the arbitrator(s) shall be final and binding and not subject to appeal.
 
[signature pages follow]
 
 
 
2

 
 

 
ANIA AFRAMAX CORPORATION
 
By:
  /s/ Ole Jacob Diesen
 
Signature
   
  Ole Jacob Diesen
 
Name
   


TANKER MANAGEMENT LTD.
 
By:
   /s/ Ian Blackley
 
   
   Ian Blackley
 
Name
   
 
 
 
 3

ex99-7.htm
Exhibit 99.7
 
 
AMENDMENT No. 1 TO
SHIP MANAGEMENT AGREEMENT

This Amendment No. 1 dated as of the 11th day of May, 2007 (the “Amendment”), to the Ship Management Agreement dated as of the 6th day of October 2005 (the “Ship Management Agreement”), between Regal Unity Tanker Corporation, a company incorporated under the laws of the Republic of the Marshall Islands (the “Vessel Owner”), and Tanker Management Ltd., a company incorporated under the laws of England (“Tanker Management”).
 
W I T N E S S E T H:
 
WHEREAS the Vessel Owner and Tanker Management are parties to the Ship Management Agreement, pursuant to which Tanker Management provides vessel management services to the Vessel Owner;
 
WHEREAS the Vessel Owner and Tanker Management wish to amend the terms of the Ship Management Agreement as of the date of this Amendment;
 
WHEREAS capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Ship Management Agreement.
 
NOW, THEREFORE, in consideration of the mutual premises and covenants contained herein, the Vessel Owner and Tanker Management hereby agree as follows:
 
1.           The Ship Management Agreement is hereby amended by deleting the existing Clause 22 thereof in its entirety and replacing such provisions with the following:
 
“Clause 22.  Duration and Termination.  The term of this Agreement shall begin at the time specified in Clause 2 and shall continue in force until the expiration of the Charter, unless terminated in accordance with Clause 18 of this Agreement; provided, however, that either party shall have the right to terminate this Agreement upon 90 days' prior written notice to the other following the third anniversary of the effective date of this Agreement.”

2.           Except as expressly modified by this Amendment, the Ship Management Agreement shall remain in full force and effect in accordance with its terms.
 
3.           This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Facsimile signatures shall be valid and binding as original manual signatures.
 
4.           This Amendment shall be construed and the relations between the parties hereto determined in accordance with the laws of the State of New York, U.S.A.
 
 

 
5.           All disputes arising out of this Amendment shall be referred to arbitration in New York in accordance with the Rules of the Society of Marine Arbitrators, Inc., New York (SMA). Any award of the arbitrator(s) shall be final and binding and not subject to appeal.
 
[signature pages follow]
 
 
2

 

 
REGAL UNITY TANKER CORPORATION
 
By:
  /s/ Ole Jacob Diesen
 
Signature
   
  Ole Jacob Diesen
 
Name
   


TANKER MANAGEMENT LTD.
 
By:
   /s/ Ian Blackley
 
   
   Ian Blackley
 
Name
   
 
 
 

3