 ABERDEEN, Scotland--BUSINESS WIRE--KNOT Offshore Partners LP NYSE:KNOP the Partnership announced today that the Partnership has entered into an exchange agreement with its sponsor, Knutsen NYK Offshore Tankers AS Knutsen NYK, and its general partner whereby Knutsen NYK will contribute to the Partnership all of Knutsen NYKs incentive distribution rights IDRs, in exchange for the issuance by the Partnership to Knutsen NYK of 673,080 common units and 673,080 Class B Units, whereup 