HAMILTON, BERMUDA--(Marketwire - Feb 7, 2013) - Press release from Ship Finance International Limited, February 7, 2013. Ship Finance International Limited ( NYSE : SFL ) ("Ship Finance" or the "Company"), today announced that it has agreed to sell the 1993-built Suezmax Front Pride and the 1991-built OBO Front Guider to unrelated third parties. The Company has simultaneously agreed to terminate the corresponding charter parties with a subsidiary of Frontline Ltd. ("Frontline"). Front Pride is expected to be delivered to the new owner in February 2013 and Ship Finance expects to receive net proceeds of approximately $12.1 million including a $2.1 million charter termination compensation payment from Frontline. Front Guider is expected to be delivered to the new owner in March 2013 and Ship Finance expects to receive net proceeds of approximately $9.1 million.