Frontline Ltd is an international shipping company incorporated in Bermuda as an exempted company on June 12, 1992. The Company operates in the tanker market as an international provider of seaborne transportation of crude oil. The Company operates oil tankers of two sizes including VLCCs, which are between 200,000 and 320,000 dwt, and Suezmax tankers, which are vessels between 120,000 and 170,000 dwt. The Company operates through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, India, the Philippines, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore. The Company is also involved in the charter, purchase and sale of vessels. The Company's tanker fleet consisted of approximately 22 vessels and comprised of 14 VLCCs and eight Suezmax tankers. The Company's operations are subject to numerous laws and regulations in the form of international conventions and treaties, national, state and local laws and national and international regulations in force in the jurisdictions in which its vessels operate or are registered, which can affect the ownership and operation of its vessels.