Without naming thecharterers, Navios Acquisition said the Nave Galactic, a 2009-built VLCC of297,168 dwt, has been chartered out at a rate based on the adjusted BITR TD3index plus a premium. The ship was delivered this week.

The 2010-built Nave Quasar,a 297,376 dwt vessel, has been fixed for one year at a base rate of $20,475 perday plus 50% profit sharing in excess of $24,375 per day. Both rates are net.

The charterer of the NaveQuasar has an option for an additional year at a base rate of $25,350 (net) perday plus 50% profit sharing in excess of $29,250 (net) per day.

The third big tanker, the 297,491dwt Nave Buena Suerte (built 2011) has also been chartered out for a minimum ofone year at a rate based on the charterer's VLCC pool earnings.

Navios Acquisition has notconfirmed who it purchased the ships from or their previous identities.

The company, which is led byAngeliki Frangou, says the average charter-out period of its fleet is two yearsand it has contracted 83.9% and 44.2% of its available days on a charter-outbasis for 2014 and 2015, respectively.