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+ * NY 46-2507 i, DEPARTMENT TTEM NUMBER 28 This item is in reference to the details of the agreements with Socony Vacuum O11 Company for the substitution of the FT, BRIDGER and the LAKE GEORGE on time charters of foreign flag vessels. The identity of the foreign flag - vessels which were originally charterod to Socony Vacuum and the charters involving these arrangements were to be set forth ior Vide Details concerning the substitution of the FT, BRIDGER for the ARTSTOPHANES owned by Sociedad Maritima Miraflores is contained in Department Item Number 16 and Department Item Number 2h, Information portaining to substitution for the OLYMPIC TORCH sin oi Lines of Pansma fq annt Set S Res auarica gy i we we Number 16 and as follows: ~. TSA Eos ee ESITOR RNY Ser a '. b7e Marine Transport Divisio ; + Vacuum Oil Company, 26 be, the LAKE GEORGE as a owned by the Olympic tn PDenart I mMmANnT. ; kk pe I ae 2 rd Broadway, advised SA (: I 22: the OLYMPIC GAMES owned by the Olympic O11 “Lines. 3 chartered to Socony on a five year time charter ~- basis. Subsequently Mr, PRATT and Mr, ONASSTS made an agreement whereby the OLYMPIC TORCH unvila he snhatituted for the ALYMPTS GAMES W364 waa antiga. factory to Socony as the OLYMPIC TORCH was of equivalent tonnarce but a faster ship and, therefore, Socony stood to make a substantial saving on the substitution, The OLYMPIC GAMES went off charter on July 26, 1950 and the OLYMPTC TORCH was delivered on August 12, 1949, Tne reason for the ONASSIS substitution was that ONASSTS wanted to make a whaler out of the Tez tanker, SS HERMAN PF, WHITTON and ta traneton 44 ta a foraten flag ee al Sid sgh) ART a Frid 4. awit yg Fhe be we ee a YW wi me A We wh wae a e As it was necessary to get the approval of the United States Maritime Commission, ONASSTS was prepared to tender the OLYMPIC GAMES, a foreign flag vessel, for United States registry in exchange for tho WHITON'S rolease from United States registry. * —_ : .