EXHIBIT J
[OMI Corporation Letterhead]
June 30, 2004
Stelphi Holding Ltd.
Xxxxx 0X Xxxxxx
Xxxxxx, Greece
Attention: Xxxxxx Xxxxxxxxxxxx
Dear Xx. Xxxxxxxxxxxx:
This is to confirm our mutual agreement to terminate that certain
Agreement, dated as of May 16, 2004, between OMI Corporation and Stelphi Holding
Ltd., as such Agreement was amended by that certain Amendment Agreement dated as
of June 2, 2004. This termination is being effected pursuant to Section 5.1(c)
of such Agreement.
Please indicate your agreement by signing below where indicated.
Sincerely,
OMI CORPORATION
By: /s/ Xxxxx X. Xxxxxxxxx, Xx.
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Name: Xxxxx X. Xxxxxxxxx, Xx.
Title: Chairman of the Board and
Chief Executive Officer
Acknowledged and Agreed:
STELPHI HOLDING LTD.
By: /s/ X. Xxxxxxxxxxxx
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Name: X. Xxxxxxxxxxxx
Title: Director