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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 1999
Golden Ocean Group Limited
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(Translation of registrant's name into English)
P.O. Box 265, Suite 6, Tower Hill House, Le Bordage,
St. Peter Port, GY1 3QU Channel Islands
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(Address of principal executive office)
[Indicate by check mark whether the registrant files or will file
annual reports under cover of 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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The following is the text of a press release dated October 28,
1999:
FOR IMMEDIATE RELEASE
St. Peter Port, Channel Islands, October 28, 1999. GOLDEN
OCEAN GROUP LIMITED (the "Company") today announced that it
commenced a solicitation of waivers (the "Solicitation") from the
holders of its 10% Senior Notes due August 31, 2001 (the
"Notes"). The Solicitation relates to the waiver of certain of
Golden Ocean Group Limited's obligations with respect to the
finance, delivery and chartering of four very large crude
carriers under provisions of the Indenture pursuant to which the
Notes were issued. The deadline for the Solicitation has been
today extended from 5:00 P.M. New York City time on October 28,
1999, to 5:00 P.M., New York City time, on November 2, 1999.
Contact: Neil Mortimer
Golden Ocean Services (UK) Limited
tel. #44-171-375-0868
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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 authorized.
GOLDEN OCEAN GROUP LIMITED
(registrant)
Date: October 29, 1999 By: /s/ Fred W.Y. Cheng
_________________________
Fred W.Y. Cheng
Chairman
02052006.AA1
