exhibit 10. 13 confidential september 14, 2016 nordea bank finland plc, new york branch, as co - ordinator 1211 avenue of the americas, 23rd floor new york, new york 10036 the mandated lead arrangers party to the commitment letter ( as defined below ) re : third extension of waiver termination event ladies and gentleman : reference is made to ( x ) that certain commitment letter, dated as of june 30, 2016, ( as the same may be amended, restated, supplemented and / or otherwise modified from time to time, the “ commitment letter ” ) among genco shipping & trading limited ( the “ borrower ” ), nordea bank finland plc, new york branch ( “ nordea ” ), skandinaviska enskilda banken ab ( publ ) ( “ seb ” ), dvb bank se ( “ dvb ” ), abn amro capital usa llc ( “ abn ” ), credit agricole corporate and investment bank ( “ ca - cib ” ), deutsche bank ag filiale deutschlandgeschaft ( “ db ” ), credit industriel et commercial ( “ cic ” ) and bnp paribas ( “ bnpp ” and together with nordea, seb, dvb, abn, ca - cib, db and cic, the “ mandated lead arrangers ” ), ( y ) that certain extension of waiver termination event, dated august 10, 2016 ( the “ first extension of waiver termination event ” ), among the borrower and the mandated lead arrangers and ( z ) that certain second extension of waiver termination event, dated august 25, 2016 ( the “ second extension of waiver termination event ” ), among the borrower and the mandated lead arrangers. capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the commitment letter. we hereby request that the mandated lead arrangers and lenders agree to extend the date of the waiver termination event set forth in section 8 ( v ) of the commitment letter, as extended by the first extension of waiver termination event and the second extension of waiver termination event, from september 14, 2016 to september 30, 2016. please indicate your consent by countersigning this letter agreement no later than 5 : 00 p. m., new york city time on september 13, 2016. notwithstanding anything contained herein,