13G Filing: Leon Cooperman’s Omega Advisors Files on Nordic American Offshore Ltd. (NAO)

Page 4 of 7 SEC Filing

CUSIP No Y6366T112 Page 3 of 5

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Item 1(a). Name of Issuer:
This statement on Schedule 13G relates to the common stock, par value $0.01 per share, of NORDIC AMERICAN OFFSHORE LTD (the “Issuer”). It amends the Schedule 13D amendment #1 filed November 16, 2015 and the Schedule 13D filed June 23, 2014. The switch herein from Schedule 13D to Schedule 13G is being made pursuant to Rule 13d-1(h) and the SEC Interpretation 103.07 issued on January 3, 2014.
Item 1(b). Address of Issuer’s Principal Executive Offices:
The Issuer was incorporated in the Republic of the Marshall Islands. The address of the principal executive office of the Issuer is c/o Scandic American Shipping LTD., Canon’s Court, 22 Victoria Street, Hamilton HM EX, Bermuda.
Item 2(a). Name of Person Filing:

Leon G. Cooperman (“Mr. Cooperman”)
and Omega Charitable Partnership L.P. (“Charitable LP”). Mr. Cooperman is, among other activities, an investor engaged
in investing for his own account. Mr. Cooperman is the Managing Member of Omega Associates, L.L.C. (“Associates”),
a limited liability company organized under the laws of the State of Delaware. Associates is a private investment firm formed to
invest in and act as general partner of investment partnerships or similar investment vehicles. Associates is the general partner
of Omega Charitable Partnership L.P. (“Charitable LP”), an exempted limited partnership registered in the Cayman Islands.
This entity is a private investment firm engaged in the purchase and sale of securities for investment for its own accounts.

Mr. Cooperman is the President,
CEO, and majority stockholder of Omega Advisors, Inc. (“Advisors”), a Delaware corporation, engaged in providing investment
management services, and Mr. Cooperman is deemed to control said entity.

Advisors serves as the investment
manager to Omega Overseas Partners, Ltd. (“Overseas”), a Cayman Island exempted company, with a registered address
at c/o Intertrust Corporate Services (Cayman) Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands, British
West Indies. Mr. Cooperman has investment discretion over Overseas’ portfolio investments and is deemed to control such investments.

Advisors serve as a discretionary
investment advisor to a limited number of institutional clients (the “Managed Accounts”).  As to the Shares
owned by the Managed Accounts, there would be shared power to dispose or to direct the disposition of such Shares because the owners
of the Managed Accounts may be deemed beneficial owners of such Shares pursuant to Rule 13d-3 under the Act as a result of their
right to terminate the discretionary account within a period of 60 days.

Mr. Cooperman is the ultimate controlling
person of Associates, Charitable, Overseas, and Advisors.  The principal business office of these entities is 810 Seventh
Avenue, 33rd floor, New York, New York 10019.

Item 2(b). Address of Principal Business Office or, if None, Residence:
11431 W. Palmetto Park Road, Boca Raton FL 33428. See Item 1(b) above for Charitable.
Item 2(c). Citizenship:
United States. See Item 1(b) above for Charitable.

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