The agreement involves three Suezmax, three MR and five Handy-sized vessels, all built in South Korea between 2016 and 2017.
Under the terms of the agreement, Maersk Tankers will take each vessel from the owner under a bareboat charter arrangement. It will then hire out the vessel to BP under a time charter deal for a period of three years.
As explained, Maersk Tankers will assume full responsibility for operational risks and the technical management of the vessels.