UNITED STATES
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 April , 2002
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Knightsbridge Tankers Limited
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(Translation of registrant's name into English)
Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton HM 08, Bermuda
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- -----------
Item 1. INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached as Exhibit 1 is a copy of the press release of Knightsbridge Tankers
Limited (the "Company"), dated April 15, 2002, relating to the declaration of a
cash distribution in the amount of $0.45 per share.
Item 2. ADDITIONAL INFORMATION
Royal Dutch Petroleum Company and The Shell Transport and Trading Company,
Public Limited Company file annual reports on Form 20-F (File Nos. 1-3788 and
1-4039) and periodic reports on Form 6-K with the Securities and Exchange
Commission pursuant to the Securities Exchange Act of 1934, as amended. Such
annual reports contain the financial statements of the Royal Dutch/Shell Group
of Companies.
Exhibit 1
FOR IMMEDIATE RELEASE
KNIGHTSBRIDGE TANKERS LIMITED
announces
Cash Distribution
Hamilton, Bermuda, April 15, 2002: Knightsbridge Tankers Limited
("Knightsbridge") announced that its Board of Directors has declared a cash
distribution, in the amount of US$0.45 per common share. The cash distribution
will be payable on or about May 8, 2002, to shareholders of record as of April
25, 2002. The declaration of the cash distribution follows the calculation by
Knightsbridge of the payment of charterhire due from Shell International
Petroleum Company Limited ("Shell International"), a member of the Royal
Dutch/Shell Group of Companies, for the period from January 1, 2002 to March 31,
2002. Shell International bareboat charters five double hull very large crude
carriers (VLCCs) from Knightsbridge on a "hell and high water" basis for a
minimum seven year term, with an option for Shell International to extend the
period for each VLCC for an additional seven year term, to a maximum of 14 years
per VLCC. The charter hire payable by Shell International is the greater of a
guaranteed minimum rate or a spot market related rate. The spot market related
rate did not exceed the guaranteed minimum rate in the first quarter of 2002,
and the charterhire paid by Shell International to Knightsbridge on April 15,
2002 is the minimum rate.
Knightsbridge's Common Shares trade on the Nasdaq National Market under the
symbol "VLCCF".
Summary of Cash Distribution:
Amount: $0.45 per common share
Ex-Div Date: April 23, 2002
Record Date: April 25, 2002
Payment Date: May 8, 2002
Contact: Knightsbridge Tankers Limited Ola Lorentzon (Oslo, Norway)
Investor Relations 47 23 11 40 00
Kate Blankenship (Hamilton, Bermuda)
1 (441) 295-0182
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 authorised.
Knightsbridge Tankers Limited
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(Registrant)
Date April 19, 2002 By /s/ Kate Blankenship
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Kate Blankenship
Secretary
01655.0002 #319303