<SEC-DOCUMENT>0000919574-13-003942.txt : 20131206
<SEC-HEADER>0000919574-13-003942.hdr.sgml : 20131206
<ACCEPTANCE-DATETIME>20130628125006
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000919574-13-003942
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20130628

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORDIC AMERICAN TANKERS Ltd
		CENTRAL INDEX KEY:			0001000177
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		LOM BUILDING
		STREET 2:		27 REID STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		(441) 292-7202

	MAIL ADDRESS:	
		STREET 1:		LOM BUILDING
		STREET 2:		27 REID STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORDIC AMERICAN TANKER SHIPPING LTD
		DATE OF NAME CHANGE:	19950906
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Re:</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nordic American Tankers Limited Registration Statement on Form F-3 Filed March 21, 2013</font></div>

<div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File No. 333-187400</font></font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dear Mr. Webb:</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We refer to the registration statement on Form F-3, filed by Nordic American Tankers Ltd. (the "<font style="DISPLAY: inline; TEXT-DECORATION: underline">Company</font>") with the Securities and Exchange Commission (the "<font style="DISPLAY: inline; TEXT-DECORATION: underline">Commission</font>") on March 21, 2013 (the "<font style="DISPLAY: inline; TEXT-DECORATION: underline">Registration Statement</font>").&#160;&#160;By letter dated April 8, 2013 (the "<font style="DISPLAY: inline; TEXT-DECORATION: underline">Comment Letter</font>"), the staff of the Commission (the "<font style="DISPLAY: inline; TEXT-DECORATION: underline">Staff</font>") provided the Company with its comments to the Registration Statement.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Company has today filed via EDGAR, Amendment No.1 to the Registration Statement (the "<font style="DISPLAY: inline; TEXT-DECORATION: underline">Amended Registration Statement</font>"), which responds to the Staff's comments contained in the Comment Letter.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The following numbered paragraphs of this letter correspond to the numbered paragraphs of the Comment Letter.&#160;&#160;For your convenience, each response is prefaced by the text of the Staff's corresponding comment in bold text.</font></div>

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<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Refer to footnote (1) to the Calculation of Registration Fee table. Given that you are registering the offering of common stock that does not appear by its terms to be exchangeable or convertible, please explain what you contemplate by the second sentence. To the extent you intend to rely on Rule 416 of Regulation C, please revise to track the language of Rule 416.</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In response to the Staff's comment, the Company has revised footnote (1) to the Calculation of Registration Fee table to remove the sentence relating to exchangeable or convertible securities from the Amended Registration Statement.</font></div>

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<div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We note that counsel&#8217;s opinion contains significant assumptions regarding the future issuance of the securities being registered. Please confirm that you will file an unqualified opinion that omits all of these assumptions at the time of each takedown.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Company confirms that its counsel will file an unqualified opinion at each takedown.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We further note that certain assumptions appear to be inappropriate to make in a qualified opinion at this time, including the following:</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">in assumption (c), it is inappropriate to assume that persons signing the Documents have the authority and power to do so;</font></font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">in assumption (h), it appears that counsel is assuming material issues underlying its opinion; and</font></font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">in assumption (h), it is inappropriate to assume that the Resolutions have not been rescinded.</font></font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 3.6pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Please have counsel revise to remove these assumptions or tell us why these assumptions are appropriate and necessary.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 3.6pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In response to the Staff's comment, Appleby (Bermuda) Limited, Bermuda counsel for the Company, has provided a revised Exhibit 5.1 with the Amended Registration Statement and the accompanying Appendix 1 to this letter addressing the Staff&#8217;s comment.</font></div>

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<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Purchasers in the offering are entitled to rely unconditionally on the legality opinion. Please have counsel revise the first paragraph under &#8220;Disclosure&#8221; on page 3 and remove the second sentence of the last paragraph on page 3 accordingly.</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 3.6pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In response to the Staff's comment, Appleby (Bermuda) Limited, Bermuda counsel for the Company, has provided a revised Exhibit 5.1 with the Amended Registration Statement and the accompanying Appendix 1 to this letter addressing the Staff&#8217;s comment.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nordic American Tankers Limited</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">June 28, 2013</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>If you have any questions or comments concerning the foregoing, please feel free to telephone the undersigned at (212) 574-1223, Andrei Sirabionian at (212) 574-1580 or Evan Preponis at (212) 574-1438.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Division of Corporation Finance</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Securities and Exchange Commission</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chairman and Chief Executive Officer</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a name="labelattention"><!--efplaceholder--></a>Attention:&#160;&#160;&#160;<a name="bmkattention"><!--efplaceholder--></a>J Nolan McWilliams</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a name="labelapplebyref"><!--efplaceholder--></a><font style="DISPLAY: inline; FONT-WEIGHT: bold">Appleby Ref</font>&#160;&#160;<a name="bmkapplebyref"><!--efplaceholder--></a>100154.0043/TJC</font></div>
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<td valign="top" width="3%" style="BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a name="labeldate"><!--efplaceholder--></a>&#160;&#160;<a name="bmkdate"><!--efplaceholder--></a>18 June 2013</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="bmkSubject"><!--EFPlaceholder--></a>Nordic American Tankers Limited</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registration Statement on Form F-3</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File No 333-187400</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="bmkStart"><!--EFPlaceholder--></a>We refer to the United States Securities and Exchange Commission's ('Commission') letter dated 8 April 2013 in relation to the above and in particular to the legal opinion issued by Appleby (Bermuda) Limited addressed to Nordic American Tankers Limited ("NAT") and dated 20 March 2013.</font></div>

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<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We note that counsel's opinion contains significant assumptions regarding the future issuance of the securities being registered.&#160;&#160;Please confirm that that you will file an unqualified opinion that omits all of these assumptions at the time of each takedown.</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Registration Statement contemplates further, potential actions by NAT which have yet to take place and the opinion therefore necessarily includes such assumptions.&#160;&#160;The Commission appears to be suggesting that an unqualified opinion is one which will contain none of the assumptions listed in the opinion already furnished.&#160;&#160;If the Commission is looking to obtain an opinion issued in the future with respect to any specific offering of securities made by NAT, and which will contain no assumptions, we are not able to give that assurance.&#160;&#160;Any legal opinion necessarily includes assumptions, which we trust is understood and appreciated by the Commission.&#160;&#160;If there are specific assumptions which the Commission would seek to have amended in the context of an offering made by NAT, please advise as to the specific wording which would need clarification.</font></div>

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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">"in assumption (c), it is inappropriate to assume that persons signing the Documents have the authority and power to do so";</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">"Documents" is defined in the Schedule to the opinion as including all the documents listed in the Schedule to the opinion.&#160; Those documents include documents issued and signed by persons other than NAT which is the subject of the legal opinion.&#160; We do not and cannot verify that such persons have properly signed such documents under all appropriate authority, which is why the assumption has to be made.&#160;&#160;&#160;We are willing to amend the assumption so that it reflects that the assumption does not extend to the directors of the NAT in relation to their approval of the Resolutions or to certifications signed by an officer of NAT.&#160;</font></div>

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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">in assumption (h), it appears that counsel is assuming material issues underlying its opinion;</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">in assumption (h), it is inappropriate to assume that the Resolutions have not been rescinded.</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We group the responses to these two points together in that they relate to the same assumption and to the same subject matter relating to the assumption (i.e. the "Resolutions").</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We are able to delete the wording ", and accurately record the resolutions adopted by all the Directors of the Company as unanimous written resolutions of the Board".</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The wording relating to there being no matter affecting the authority of a director when he or she is acting is absolutely necessary, as it is neither the function of a legal opinion to address the ability of a director to properly reach a decision nor is it possible to offer a legal opinion on any such outcome of a director's deliberations.&#160;&#160;The existence or non-existence of any matters affecting a Director's ability to properly arrive at a decision, while carrying out the director's duty to the company concerned is not, of course, a matter that a legal opinion can address.</font></div>

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<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Purchasers in the offering are entitled to rely unconditionally on the legality opinion.&#160;&#160;Please have counsel revise the first paragraph under "Disclosure" on page 3 and remove the last sentence on page 3 accordingly.</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We note that the requested disclosure paragraph changes do not reflect our engagement, which is in fact by NAT.&#160; As a result, it is NAT which is our client and to whom our duties of care apply in contract and in tort.&#160; In this context, we have no relationship in contract or in tort with investors who may, in the event that an offering is made by NAT in conjunction with the Registration Statement, become investors in NAT.&#160;&#160;</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In relation to the request that we remove the sentence in the disclosure paragraph of our opinion, reading: "It is given on the basis that that it will not give rise to any legal proceedings with respect to it in any jurisdiction other than Bermuda.", this deletion cannot be made.&#160; We are Bermuda barristers and attorneys practicing in Bermuda and opining in relation to a Bermuda company.&#160; We will not consent to conduct of actions brought against us in relation to the opinion in any forum other than the Bermuda courts.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">RE: Nordic American Tankers Limited (the "Company")</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ladies and Gentleman:</font></div>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
