August 30, 2005 Captain Peter Swift 5 Clinton Avenue Westport, CT 06880 Dear Peter:Retirement Agreement • October 17th, 2005 • Overseas Shipholding Group Inc • Deep sea foreign transportation of freight • New York
This letter agreement shall serve as a retirement agreement and release of claims ("Agreement and Release") between you and Overseas Shipholding Group, Inc., a corporation incorporated under the laws of Delaware with its principal office at 666 Third Avenue, New York, New York 10017 ("OSG").
