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Politics : Ask Michael Burke

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To: Joan Osland Graffius who wrote (99190)	6/12/2003 1:13:45 AM
From: Bill/WA	Read Replies (1) of 132070

Joan, re: VLCCF... <<VLCCF: The Math Doesn`t Add Up - Initiating with a SELL (1/2) Alan Weichselbaum Knightsbridge Tankers Ltd. #(VLCCF $14.10, NASDAQ, SELL) June 11, 2003 If Shell decides not to renew, Knightsbridge needs to decide what to do with the ships. It can scrap the ships, sell the vessels, find another partner or place the ships into the spot market.>> It was my understanding that they leased their ships and did not own them. If so, how could they "sell or scrap" them? TIA Bill/WA

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