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As filed with the Securities and Exchange Commission on December 11, 1998
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT II to SCHEDULE 13E-4
ISSUER TENDER OFFER STATEMENT
(PURSUANT TO SECTION 13(E)(1) OF THE SECURITIES
EXCHANGE ACT OF 1934)
Nordic American Tanker Shipping Limited
(NAME OF ISSUER)
Nordic American Tanker Shipping Limited
(NAME OF PERSON(S) FILING STATEMENT)
COMMON SHARES, PAR VALUE $.01 PER SHARE G65773106
(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER OF CLASS OF
SECURITIES)
Herbjorn Hansson
Nordic American Tanker Shipping Limited
Cedar House
41 Cedar Avenue
Hamilton HM EX
Bermuda
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF PERSONS(S) FILING
STATEMENT)
COPIES TO:
Gary J. Wolfe
Seward & Kissel
One Battery Park Plaza
New York, New York 10004
(212) 574-1200
OCTOBER 29, 1998
(DATE TENDER OFFER FIRST PUBLISHED, SENT OR GIVEN TO SECURITY
HOLDERS)
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This Amendment amends and supplements the Issuer Tender Offer
Statement on Schedule 13E-4, dated as of October 29, 1998, as
amended on December 4, 1998, relating to the cash tender offer by
Nordic American Tanker Shipping Limited, a Bermuda company (the
"Company"), to purchase its common shares, par value $0.01 per
share (the "Shares"), at a price between $11.50 and $15.50, net
to the seller in cash, without interest, and upon the terms and
conditions set forth in the offer to purchase dated October 29,
1998 (the "Offer to Purchase"). The Offer to Purchase together
with the related Letter of Transmittal, as may be amended,
constitute the "Offer." The Issuer Tender Offer Statement is
hereby amended to incorporate the information included in the
exhibits referred to below.
ITEM 1. SECURITY AND ISSUER.
The Offer was originally scheduled to expire at 5:00 p.m. New
York City time (11:00 p.m. Oslo time) on November 30, 1998. It
has been extended to 5:00 p.m. New York City time (11:00 p.m.
Oslo time) on December 18, 1998.
ITEM 9. MATERIAL TO BE FILED AS EXHIBITS.
Item 9 is hereby amended to include the following additional
exhibit:
(a)(10) Text of Press Release issued by the Company, dated
December 11, 1998.
SIGNATURE
After due inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this Amendment to
Schedule 13E-4 is true, complete and correct.
December 11, 1998
NORDIC AMERICAN TANKER SHIPPING LIMITED
By: /s/ Herbjorn Hansson
___________________________________
(Name) Herbjorn Hansson
(Title) Chairman and Chief Executive Officer
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EXHIBIT (a)(10)
FOR IMMEDIATE RELEASE
NORDIC AMERICAN TANKER SHIPPING LIMITED
ANNOUNCES EXTENSION OF SELF-TENDER OFFER
Hamilton, Bermuda, December 11, 1998. Nordic American Tanker
Shipping Limited (American Stock Exchange: NAT; Oslo Stock
Exchange: NAT) announced today that it has entered into its Loan
Agreement in the amount of $30,000,000 with a syndicate of
lenders led by Den norske Bank ASA in order to finance its
pending "Dutch Auction" self-tender offer. Accordingly, the
offer, previously scheduled to expire at 5:00 p.m. (New York
Time) (11:00 p.m. Oslo Time) on December 11, 1998, has been
extended to 5:00 p.m. New York Time (11:00 p.m. Oslo Time) on
Friday, December 18, 1998. The offer was made by an Offer to
Purchase and related Letter of Transmittal dated October 29,
1998. Details of the conditions to drawdown of the Loan are
being sent to shareholders. As of the close of the business on
Thursday, December 10, 1998, 6,169,685 shares have been tendered.
The Company currently expects payment to be made prior to
Christmas of shares eventually accepted for payment.
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01318006.AB0
