California Petroleum Transport Corp Watch

from 8-K 1 page Ernst & Young Securities & Exchange Commission 450 Fifth Street, N.W. Washington DC 20549 United States of America 31 January 2005 Dear Sirs We Have Read Item 4.01 of Form 8-K Dated 31 January 2005, of California Petroleum Transport Corporation and Are in Agreement With the Statements Contained in the Three Paragraphs on Page Two Therein. We Have No Basis to Agree or Disagree With Other Statements of the Registrant Contained Therein. Yours Faithfully Ernst & Young

from S-3/A ~50 pages Form of Underwriting Agreement