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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 July, 2000
Knightsbridge Tankers Limited
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(Translation of registrant's name into English)
Cedar House, 41 Cedar Avenue,
Hamilton HM 12, 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
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
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-
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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 July 14,
2000, relating to the declaration of a cash distribution in the
amount of $0.61 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.
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EXHIBIT 1
FOR IMMEDIATE RELEASE
KNIGHTSBRIDGE TANKERS LIMITED
announces
Cash Distribution
Hamilton, Bermuda, July 14, 2000:Knightsbridge Tankers Limited
("Knightsbridge") announced that its Board of Directors has
declared a cash distribution, in the amount of US$0.61 per share.
The cash distribution will be payable on or about August 7, 2000,
to shareholders of record as of July 24, 2000. 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 April 1, 2000
to June 30, 2000. 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 for the second quarter
of 2000, as determined by the London Tanker Brokers' Panel
exceeds the guaranteed minimum rate by $6,115 per vessel per day.
Knightsbridge's Common Shares trade on the Nasdaq National Market
under the symbol "VLCCF".
Contact: Knightsbridge Tankers Limited
Ola Lorentzon (Oslo, Norway)
Investor Relations
47 23 11 40 00
Kate Blankenship (Hamilton, Bermuda)
1 (441) 295-6935
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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 July 18, 2000 By /s/ Ola Lorentzon
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Ola Lorentzon
Chairman
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01655002.AH4
