The AP has reported that Ship Finance International Ltd., which operates a fleet of about 50 crude oil tankers, said it bought a 2006 jack-up drilling rig for $210m and a 1997 Panamax crude carrier for $28.4m. Bermuda-based Ship Finance bought the jack-up rig, called SeaDrill 3, from SeaDrill III Ltd. Ship Finance chartered the rig back to SeaDrill III for 15 years. Under the contract, Ship Finance will receive a charter hire for $112,500 a day for the first three years of the lease, $51,000 a day for years four through seven, $43,500 for years eight and nine, and $40,000 a day for years 10 through 15. The contract also calls for Ship Finance to receive a 5 percent cut of the rig's profits after the third year if certain goals are met.