Nordic American Tankers Limited is a Bermuda-incorporated international crude oil tanker company that operates a fleet of Suezmax-class double-hull vessels engaged in the global transportation of crude oil across major international shipping routes. The company generates revenue by chartering its modern and established tankers to oil majors and large independent energy companies on both short-term spot market voyages and longer-term time charter arrangements, with spot charters comprising the majority of deployments. Revenue is derived from voyage charters where the company receives daily or voyage-based fees, covering vessel operating costs such as crew, maintenance, and insurance, while charterers either pay all voyage expenses in spot charters or cover them in time charter agreements.