The trust has already received the initial 10% deposit in escrow.
See also: PhillipCapital lowers FSL Trust's TP on tepid tanker market
The vessel was built at Usuki Shipyard in Japan in 2006 and has most recently been trading in the spot market.
Units in FSL closed 0.1 cent lower or 1.27% down at 7.8 cents on Aug 30.
