Ship Finance International Limited (NYSE: SFL) ("Ship Finance" or the "Company") today announced that it has agreed to bareboat charter out the 2007-built drilling rig Soehanah to be employed under a drilling contract with a national oil company in Asia for a period of 12 months, with an option to extend the charter by an additional 12 months. The rig was redelivered to us in April, following a full 10-year special survey paid for by the previous charterer, and with certificates valid until 2022. The net EBITDA is expected to be approximately $4m during the fixed period of the charter, and the rig is now being mobilized with expected startup of the drilling operations in the second quarter of 2017.