NOS is reducing the clearing fee for all otc tanker contracts

NOS is pleased to announce that we are reducing the clearing fees for all otc tanker contracts with effect from today. The new clearing fee is 0,05% for Direct Members which is down 60%. This substantial reduction reflects a maturing tanker market and we think this should create further liquidity growth for tanker FFAs. Please see NOS News 2008 - 6 for more details.