Nordic American Tankers Limited is a Bermuda-based international tanker company. The Company’s vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Freedom, Nordic Fighter, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Apollo and Nordic Moon. Its vessels also include Nordic Cosmos, Nordic Sprite, Nordic Grace, Nordic Mistral, Nordic Passat, Nordic Vega, Nordic Breeze, Nordic Aurora and Nordic Zenith. The Company’s proceeds from the first offering (and subsequent exercise of warrants) were used to acquire 3 new suezmax double hull crude oil tankers (151,000 dwt) built at Samsung Heavy Industries Co. Ltd. to specifications. The three vessels (Nordic Hawk, Nordic Hunter and Gulf Scandic) were all delivered during the autumn of 1997 and commenced a seven-year bareboat charters to British Petroleum (BP) immediately after delivery.