Exhibit 4.6

                          NOTICE OF GUARANTEED DELIVERY

                          FOR TENDER OF ALL OUTSTANDING
                    7.625% SENIOR NOTES DUE DECEMBER 1, 2013
                                 IN EXCHANGE FOR
               REGISTERED 7.625% SENIOR NOTES DUE DECEMBER 1, 2013
                                       OF

                                 OMI CORPORATION

                                                            CUSIP NO.___________

         This form, or one substantially  equivalent  hereto,  must be used by a
holder to accept the Exchange Offer of OMI  Corporation  (the  "Company") and to
tender  7.625% Senior Notes due December 1, 2013 (the  "Original  Notes") to the
Exchange Agent pursuant to the guaranteed delivery procedures  described in "The
Exchange Offer-Guaranteed Delivery Procedures" of the Company's prospectus dated
December __, 2003 and in Instruction 2 to the related Letter of Transmittal. Any
holder who wishes to tender Original Notes pursuant to such guaranteed  delivery
procedures  must ensure that HSBC Bank USA,  as  exchange  agent (the  "Exchange
Agent"),  receives this notice of guaranteed  delivery,  properly  completed and
duly executed,  prior to the Expiration  Date (as defined below) of the Exchange
Offer for such series.  Capitalized  terms used but not defined  herein have the
meanings ascribed to them in the Letter of Transmittal.

         THE EXCHANGE  OFFER WILL EXPIRE AT 5:00 P.M.,  NEW YORK CITY  TIME,  ON
______,  2004, UNLESS EXTENDED (THE "EXPIRATION  DATE").  NOTES TENDERED IN SUCH
EXCHANGE OFFER MAY BE  WITHDRAWN  AT ANY TIME PRIOR TO 5:00 P.M.,  NEW YORK CITY
TIME, ON THE EXPIRATION DATE.

                  THE EXCHANGE AGENT FOR THE EXCHANGE OFFER IS:
                                  HSBC BANK USA
               YOU CAN DELIVER THIS NOTICE OF GUARANTEED DELIVERY
                              TO THE EXCHANGE AGENT
                          AT THE ADDRESSES AS FOLLOWS:

            BY HAND DELIVERY:                  BY OVERNIGHT COURIER:
              HSBC Bank USA                        HSBC Bank USA
            One Hanson Place                      One Hanson Place
               Lower Level                          Lower Level
           Brooklyn, NY 11243                    Brooklyn, NY 11243
           Attn: Paulette Shaw                  Attn: Paulette Shaw

          BY FIRST CLASS MAIL:            TO CONFIRM RECEIPT OF NOTICE OF
              HSBC Bank USA                     GUARANTEED DELIVERY:
            One Hanson Place                   FAX #: (718) 488-4488
               Lower Level               FAX CONFIRMATION #: (718) 488-4475
           Brooklyn, NY 11243
           Attn: Paulette Shaw
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         DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE
WILL NOT CONSTITUTE A VALID DELIVERY. THE INSTRUCTIONS  ACCOMPANYING THIS NOTICE
OF GUARANTEED  DELIVERY SHOULD BE READ CAREFULLY BEFORE THE NOTICE OF GUARANTEED
DELIVERY IS COMPLETED.

         This  notice  of  guaranteed  delivery  is not to be used to  guarantee
signatures.  If a  signature  on a  Letter  of  Transmittal  is  required  to be
guaranteed by an "Eligible  Institution"  under the instructions  thereto,  such
signature  guarantee must appear in the applicable  space in the box provided on
the Letter of Transmittal for guarantee of signatures.


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<PAGE>

Ladies and Gentlemen:

         The undersigned  hereby tenders to the Company,  in accordance with the
Company's  offer,  upon the terms and subject to the conditions set forth in the
prospectus  and the related  Letter of  Transmittal,  receipt of which is hereby
acknowledged, the principal amount of Original Notes set forth below pursuant to
the guaranteed delivery procedures set forth in the prospectus under the caption
"The Exchange  Offer-Guaranteed Delivery Procedures" and in Instruction 2 of the
Letter of Transmittal.

         The undersigned hereby tenders the Original Notes listed below:

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     CERTIFICATE NUMBER(S)              AGGREGATE
    (IF KNOWN) OF ORIGINAL              PRINCIPAL
NOTES OR ACCOUNT NUMBER AT THE           AMOUNT           AGGREGATE PRINCIPAL
              DTC                      REPRESENTED          AMOUNT TENDERED*
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                            PLEASE SIGN AND COMPLETE

Names of Record Holder(s):          Signature(s):

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Address:

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                            (INCLUDE ZIP CODE)

Area Code and Telephone Number:

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Dated:   , 2003

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* Unless otherwise indicated, any tendering holder of Original Notes will be
deemed to have tendered the entire aggregate principal amount represented by
such Original Notes. All tenders must be in integral multiples of


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<PAGE>


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         THIS NOTICE OF  GUARANTEED  DELIVERY  MUST BE SIGNED BY THE  REGISTERED
HOLDER(S) OF ORIGINAL NOTES EXACTLY AS THE NAME(S) OF SUCH  PERSON(S)  APPEAR(S)
ON  CERTIFICATES  FOR ORIGINAL  NOTES OR ON A SECURITY  POSITION  LISTING AS THE
OWNER OF ORIGINAL  NOTES,  OR BY  PERSON(S)  AUTHORIZED  TO BECOME  HOLDER(S) BY
ENDORSEMENTS AND DOCUMENTS  TRANSMITTED WITH THIS NOTICE OF GUARANTEED DELIVERY.
IF   SIGNATURE   IS   BY   A   TRUSTEE,   EXECUTOR,   ADMINISTRATOR,   GUARDIAN,
ATTORNEY-IN-FACT,   OFFICER  OR  OTHER   PERSON   ACTING  IN  A   FIDUCIARY   OR
REPRESENTATIVE CAPACITY, SUCH PERSON MUST PROVIDE THE FOLLOWING INFORMATION:

PLEASE PRINT NAME(S) AND ADDRESS(ES)

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Name:

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Capacity:

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Address(es):

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                                    GUARANTEE

                    (NOT TO BE USED FOR SIGNATURE GUARANTEE)

         The  undersigned,  a firm  which is a member of a  registered  national
securities exchange or of the National Association of Securities Dealers,  Inc.,
a commercial  bank or a trust company having an office or  correspondent  in the
United States, or an "eligible guarantor institution" within the meaning of Rule
17Ad-15 under the Securities  Exchange Act of 1934,  hereby  guarantees  deposit
with the Exchange  Agent of the Letter of Transmittal  (or facsimile  thereof or
agent's message in lieu thereof), together with the Original Notes of the series
tendered  hereby in proper form for transfer (or  confirmation of the book-entry
transfer of such  Original  Notes into the Exchange  Agent's  account at the DTC
described in the  prospectus  under the caption "The  Exchange  Offer-Book-Entry
Transfer" and in the Letter of  Transmittal)  and any other required  documents,
all by 5:00 p.m.,  New York City  time,  within  three New York  Stock  Exchange
trading days following the Expiration Date for such series.

Names of Firm:

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                             (AUTHORIZED SIGNATURE)

Address:                     Name:

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                                      -3-
<PAGE>

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    (INCLUDE ZIP CODE)       Title:

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                              (PLEASE TYPE OR PRINT)

Area Code and Telephone Number:

                             Date:      , 2003

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         DO NOT SEND ORIGINAL NOTES WITH THIS FORM. ACTUAL SURRENDER OF ORIGINAL
NOTES MUST BE MADE PURSUANT TO, AND BE ACCOMPANIED BY, A PROPERLY  COMPLETED AND
DULY EXECUTED LETTER OF TRANSMITTAL AND ANY OTHER REQUIRED DOCUMENTS.

                 INSTRUCTIONS FOR NOTICE OF GUARANTEED DELIVERY

         1. DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY. A properly completed
and duly  executed  copy of this notice of  guaranteed  delivery  (or  facsimile
hereof or an agent's  message and notice of guaranteed  delivery in lieu hereof)
and any other  documents  required by this notice of  guaranteed  delivery  with
respect to the  Original  Notes must be  received by the  Exchange  Agent at its
address set forth herein  prior to the  Expiration  Date of the Exchange  Offer.
Delivery  of such  notice  of  guaranteed  delivery  may be  made  by  facsimile
transmission,  mail or hand  delivery.  THE METHOD OF DELIVERY OF THIS NOTICE OF
GUARANTEED DELIVERY AND ANY OTHER REQUIRED DOCUMENTS TO THE EXCHANGE AGENT IS AT
THE ELECTION AND SOLE RISK OF THE HOLDER,  AND THE DELIVERY  WILL BE DEEMED MADE
ONLY WHEN  ACTUALLY  RECEIVED  BY THE  EXCHANGE  AGENT.  If delivery is by mail,
registered mail with return receipt requested, properly insured, is recommended.
As an alternative to delivery by mail, the holders may wish to consider using an
overnight or hand  delivery  service.  In all cases,  sufficient  time should be
allowed to assure timely delivery.  For a description of the guaranteed delivery
procedures, see Instruction 2 of the Letter of Transmittal.

         2. SIGNATURES ON THIS NOTICE OF GUARANTEED DELIVERY.  If this notice of
guaranteed delivery (or facsimile hereof) is signed by the registered  holder(s)
of the Original  Notes  referred to herein,  the  signature(s)  must  correspond
exactly  with the name(s) as written on the face of the Original  Notes  without
alteration,  enlargement or any change whatsoever.  If this notice of guaranteed
delivery (or facsimile hereof) is signed by a DTC participant whose name appears
on a security position listing as the owner of the Original Notes, the signature
must correspond with the name as it appears on the security  position listing as
the owner of the Original Notes.

         If this notice of guaranteed  delivery (or facsimile  hereof) is signed
by a person other than the registered  holder(s) of any Original Notes listed or
a DTC  participant,  this notice of guaranteed  delivery must be  accompanied by
appropriate  bond  powers,  signed as the  name(s) of the  registered  holder(s)
appear(s)  on the  Original  Notes or signed as the  name(s) of the  participant
appears on DTC's security position listing.

         If this notice of guaranteed  delivery (or facsimile  hereof) is signed
by a trustee, executor, administrator, guardian, attorney-in-fact,  officer of a
corporation  or other person acting in a fiduciary or  representative  capacity,
such  person  should so  indicate  when  signing  and submit  herewith  evidence
satisfactory to the Exchange Agent of such person's authority to so act.

         3. REQUESTS FOR ASSISTANCE OR ADDITIONAL COPIES. Questions and requests
for  assistance  and requests for  additional  copies of the prospectus and this
notice of  guaranteed  delivery  may be  directed to the  Exchange  Agent at the
address  set forth on the cover  page  hereof  Holders  may also  contact  their
broker,  dealer,  commercial bank, trust company or other nominee for assistance
concerning the Exchange Offer.

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