International Seaways Investor Relations Material

International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. The vessels are owned by International Seaways Inc's parent company, Interseas Maritime Inc, which is also a publicly traded company with shares traded on the NYSE American Exchange under the symbol ISW. These tankers typically operate under time charter agreements with an average charter length of approximately one year and may operate on a voyage charter basis for special voyages or vessel charters for special periods of time not exceeding two years.