DELIVERY AND DISPOSAL OF VESSELS (Table)

12 Months Ended

Dec. 31, 2017

DELIVERY AND DISPOSAL OF VESSELS

Schedule of delivery of VLCC newbuildings

		Borrowings to
		Fund Vessel's
Vessel Name	Date of Delivery	Delivery (1)		Credit Facility
		(Dollars in thousands)
Gener8 Hector	January 6, 2017	$	49,500	Korean Export Credit Facility
Gener8 Ethos	March 9, 2017		50,631	Korean Export Credit Facility
Gener8 Nestor	October 9, 2017		48,095	Korean Export Credit Facility

(1) Amounts reflect the borrowings incurred under the Korean Export Credit Facility to fund the delivery of the indicated newbuilding. For more information see Note 13, LONG-TERM DEBT.