NAT: A Note from Herbjorn Hansson

Pic: Nordic American Tankers Limited

By Aiswarya Lakshmi

Herbjørn Hansson, Chairman & CEO, Nordic American
Tankers Limited has issued a statement about his company which is
headquartered in Bermuda and listed on NYSE, with offices and
representatives in several other countries.

"Our office in Sandefjord, Norway, deals with corporate
management, including communication with the NAT board, IR
matters, quality assurance, cost control, accounting,
macroeconomics and any issues related to US capital markets.
Turid M. Sørensen (Ms) is the CFO & NAT Executive Vice
President, focusing on the cost side of the business and on the
responsibilities of the Sandefjord office as outlined above,"
says his statement.

Erik Tomstad is head of NAT chartering, focusing on employment of
our 33 vessel suezmax fleet. He is NAT Executive Vice President
- Chartering. Together with colleagues, he works out of our
office in Oslo. Erik is responsible for the details of
day-to-day chartering, and along with myself deals with the sale
and purchase of vessels.

Some special matters are handled directly by me. Risk management
and strategy are important parts of my work, as are geopolitical
matters involving countries such as Sudan, Iran, Libya and
Russia. Also under my purview are safety and environmental
issues and relationships with customers, including major oil
companies such as ExxonMobil, Shell, BP, Indian interests,
Chevron, Unipec and others.

Both Turid and Erik report to me and are on the same
organizational line. My colleagues on the NAT board and I are
very pleased with the quality of their work and their respective

The competence of NAT is further strengthened by our four part
time advisors who have a wealth of managerial expertise in the
field of international business above all related to oil, energy,
economics and maritime affairs.

Feb 21, 2017

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