Securities and Exchange Commission
Washington, D.C. 20549
GOLDEN STATE PETROLEUM TRANSPORT CORPORATION
GOLDEN STATE PETRO (IOM I-A) PLC
GOLDEN STATE PETRO (IOM I-B) PLC
8-K
MARCH 13, 1998
FORM 8-K/A1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: March 5, 1998 (Date of earliest event reported)
REGISTRANTS: GOLDEN STATE PETROLEUM TRANSPORT CORPORATION
GOLDEN STATE PETRO (IOM I-A) PLC
GOLDEN STATE PETRO (IOM I-B) PLC
(Exact Name of Registrants as specified in their Charters)
STATE OF Delaware
INCORPORATION Isle of Man
OR REGISTRATION: Isle of Man
(State of Incorporation or Other Jurisdiction of Incorporation
or Organization)
c/o Cambridge Fund Management LLC
535 Madison Avenue
New York, NY 10022
(212) 508-6516
(Address, including zip code, and telephone number of
principal executive offices of Golden State Petroleum
Transport Corporation)
c/o 15-19 Athol Street
Douglas, Isle of Man IM1 1LB
011-44-1-62-4628575
(Address, including zip code, and telephone number of
principal executive offices of Golden State Petro
(IOM I-A) PLC and Golden State Petro (IOM I-B) PLC)
COMMISSION FILE
NUMBER: 333-26227
<PAGE>
I.R.S. EMPLOYER N/A
IDENTIFICATION N/A
NUMBER N/A
ITEM 4. On March 5, 1998, Coopers & Lybrand L.L.P. resigned as the
companies' certifying accountants.
Cooper's & Lybrand opinion on the registrants' financial
statements as March 31, 1997 and for the period from inception
of the companies (December 5, 1996 - Golden State Transport
Corp. and December 24, 1996 for Golden State Petro IOM I-A and
I-B), contained no adversities, disclaimers, uncertainties or
qualifications.
The resignation of Coopers & Lybrand L.L.P. was not
recommended or approved by the Companies' Board(s) of as it
was the decision of Coopers & Lybrand L.L.P. not to continue
as the Companies' auditors.
Certain persons who serve as officers or directors of the
Registrant also serve as officers of one or more companies
affiliated with the Registrant. In the course of performing
audits for certain of those affiliates (none of which has any
class of securities registered under the federal securities
laws), Coopers & Lybrand L.L.P. ("C&L") informed management of
those affiliates that C&L was no longer willing to rely on the
representations of management of those affiliates, because of
C&L's belief that such management had failed to disclose to
C&L certain matters relating to those affiliates (but
unrelated to the business or financial condition of the
Registrant) in a timely manner. Although management of those
affiliates of the Registrant has advised C&L that it believes
that it did make disclosure to C&L in a timely manner of all
material matters regarding those affiliates, C&L resigned as
the accountants for those affiliates as well as all other
companies affiliated therewith, including the Registrant. C&L
has advised the Registrant that its determination to resign as
the accountants for the Registrant was not based upon or
related to any disagreement relating to the Registrant or any
failure by management of the Registrant to disclose to C&L any
matters relating to the Registrant.
SIGNATURE: Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrants have duly caused this report to
be signed on their behalf by the undersigned, hereto duly
authorized.
GOLDEN STATE PETROLEUM TRANSPORT CORPORATION
GOLDEN STATE PETRO (IOM I-A) PLC
GOLDEN STATE PETRO (IOM I-B) PLC
DATE: March 13, 1998 /s/ Joseph R. Avantario
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Director and Treasurer
