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Current Fleet

Contracted Fleet

Capital Product Partners has entered into an agreement with Capital Maritime & Trading Corp. to purchase this vessel on delivery from STX Shipbuilding Co. Ltd., South Korea.

1. TC: Time Charter, BC: Bareboat Charter
2. Earliest possible redelivery date. With the exception of the charter for the M/T Attikos and the M/T Aristofanis, whose charters expire on the date of expiration, redelivery date is +/-30 days at the charterer's option.
3. All rates quoted above are the net rates after we or our charterers have paid commissions on the base rate. The BP time and bareboat charters are subject to 1.25% commissions. The Trafigura time charter is subject to 2.5% commissions. The Shell time charter is subject to 2.25% commissions. We do not pay any commissions for the MS time charters.
4. Profit Sharing refers to an arrangement between owners and charterers to share at a 50/50 basis voyage profit in excess of the basic hire rate.
5. BP: BP Shipping Limited. MS: Morgan Stanley Capital Group Inc., OSG: certain subsidiaries of Overseas Shipholding Group Inc. Trafigura: Trafigura Beheer B.V. Shell: Shell International Trading & Shipping Company Ltd.
6. We pay Capital Ship Management a fixed daily fee of $5,500 per vessel for our time chartered vessels, covering vessel operating expenses, which include crewing, repairs and maintenance, insurance and the cost of the special survey and related scheduled drydocking. This fee is for an initial term of approximately five years from when the vessels commence operations to their first special survey and includes the expenses for the first special survey. Capital Ship Management is directly responsible for providing all of these items and services. The sole expense we will incur in connection with our vessels under bareboat charter is a daily fee of $250 per bareboat chartered vessel payable to Capital Ship Management, mainly to cover compliance costs.
7. These vessels are currently under bareboat charter to BP. For the duration of the charter they have been renamed: 'Atlantas' to 'British Ensign', 'Aktoras' to 'British Envoy' and 'Aiolos' to 'British Emissary'.
8. These vessels are currently under bareboat charter to OSG. For the duration of the charter they have been renamed: 'Alexandros II' to 'Overseas Serifos' and 'Aristotelis II' to 'Overseas Sifnos'.
9. The last 3 years of the BC will be a daily charter rate of $13,433.
10. The last 6 months of the TC will be at a daily charter rate of $19,000 plus a 50/50 profit sharing arrangement.
11. In addition to the commission on the gross charter rate, the ship broker is entitled to an additional 1.25% commission on the amount of profit share.
12. OSG has an option to purchase each of the three STX vessels delivered or to be delivered in 2008 at the end of the eighth, ninth or tenth year of the applicable charter, for $38.0 million, $35.5 million and $33.0 million, respectively, which option is exercisable six months before the date of completion of the eighth, ninth or tenth year of the charter. The expiration date above may therefore change depending on whether the charterer exercises its purchase option.

Optional MR Sister Vessels

Pursuant to our omnibus agreement with Capital Maritime, we have the option to purchase these vessels from Capital Maritime, but only in the event such vessels are fixed under charters of two or more years upon the expiration of their current charters or upon completion of their construction.