the extension of a time charter for the London Spirit .

The extension, with Chevron, will be for two years and on private rate terms, said London & Overseas.

The Panamax vessels, London Spirit and London Victory are currently on five-year time charters to Chevron which expire in June.

The Suezmaz vessel, London Pride is currently on a five-year time charter to Chevron which expires in July 1988.

The London Victory will be redelivered to the company at the expiry of her charter and will enter the spot market.