American Petroleum Tanker LLC awarded $39,375,000 contract
United States, June 20 -- American Petroleum Tanker LLC, Blue Bell, Pennsylvania, is awarded a $39,375,000 firm-fixed-price contract with pass through reimbursable elements (N3220525C4028), for time charter of one, clean, approved, U.S. flag Jones Act compliant tanker with segregated ballast tanks and inert gas system that is capable of carrying a minimum of 280,000 barrels of clean product (intentions F76, JP5, JP8, or JA1) within vessel's natural segregation in designated cargo tanks with double valve isolation. This contract includes a 12-month base period with three one-year option periods, and one 11-month option which, if exercised, would bring the cumulative value of this contract to $185,163,000. The contract will be for worldwide p...
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