UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
____________________
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE
OF REPORT: SEPTEMBER 10, 2008
Commission
File Number 001-33373
____________________
CAPITAL
PRODUCT PARTNERS L.P.
(Translation
of registrant’s name into English)
____________________
3
IASSONOS STREET
PIRAEUS,
18537 GREECE
(address
of principal executive offices)
____________________
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F x Form
40-F o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Yes o No x
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Yes o No
x
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No
x
If “yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
Item
1 – Information Contained in this Form 6-K Report
Attached
as Exhibit I is a press release of Capital Product Partners L.P., dated
September 10, 2008.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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CAPITAL
PRODUCT PARTNERS L.P.,
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By:
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Capital
GP L.L.C., its general partner
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/s/
Ioannis E. Lazaridis
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Name: Ioannis
E. Lazaridis
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Title: Chief
Executive Officer and
Chief
Financial Officer of Capital GP L.L.C.
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Dated: September
10, 2008
Exhibit
I
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES
EXTENSIONS TO TWO OF ITS TIME CHARTERS WITH BP SHIPPING
LIMITED
ATHENS, Greece, September
10, 2008 -- Capital Product Partners L.P. (Nasdaq:CPLP) announced today that it
had reached agreement with BP Shipping Limited to extend two of its existing
time charters. The time charters for two of the Partnership’s 37,000 dwt,
2006 built, MR product tankers, the Agisilaos and the Arionas, have been
extended by 13 months to March and June 2010, respectively, both at a base gross
rate of $20,000 (net rate $19,750) per day. The base gross
rate for the Agisilaos and the Arionas prior to the expiration of their existing
charters is set at $17,721 (net rate $17,500) per day and $19,240 (net rate
$19,000) per day, respectively. Both time charters will also continue to be
subject to the same profit sharing arrangement they are currently under which is
calculated and settled quarterly and which allows each party to share additional
revenues above the base rate on a 50/50 basis until their
expiration.
Ioannis
Lazaridis, Chief Executive and Chief Financial Officer of Capital Product
Partners' general partner, said, "We are pleased to continue our successful
relationship with BP Shipping Limited and to extend our time charters at a
higher rate than what the vessels will be earning when their current charters
expire."
About
Capital Product Partners L.P.
Capital
Product Partners L.P. (Nasdaq:CPLP), a Marshall Islands master limited
partnership, is an international owner of modern double-hull tankers. Capital
Product Partners L.P. owns 18 modern vessels, including 15 MR tankers, two small
product tankers and one Suezmax crude oil tanker. All 18 vessels are under
medium to long-term charters to BP Shipping Limited, Morgan Stanley Capital
Group Inc., Overseas Shipholding Group, Shell International Trading &
Shipping Company Ltd., and Trafigura Beheer B.V.
Forward
Looking Statement:
The
statements in this press release that are not historical facts, including
expected expiration dates of our charters, may be forward-looking statements (as
such term is defined in Section 21E of the Securities Exchange Act of 1934, as
amended). These forward-looking statements involve risks and uncertainties that
could cause the stated or forecasted results to be materially different from
those anticipated. Unless required by law, we expressly disclaim any obligation
to update or revise any of these forward-looking statements, whether because of
future events, new information, a change in our views or expectations, to
conform them to actual results or otherwise. We assume no responsibility for the
accuracy and completeness of the forward-looking statements. We make no
prediction or statement about the performance of our common units.
CPLP-G
CONTACTS: Capital
GP L.L.C.
Ioannis Lazaridis, Chief Executive
Officer and
Chief Financial Officer
+30 (210) 458-4950
i.lazaridis@capitalpplp.com
Capital Maritime & Trading
Corp.
Merete Serck-Hanssen, SVP
Finance
+1 (203) 539-6273
m.serckhanssen@capitalpplp.com