As filed with the Securities and Exchange Commission on July 26, 2006
Registration No. 333-95550


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


POST EFFECTIVE AMENDMENT NO. 1
TO
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933



GRAFTECH INTERNATIONAL LTD.
(Exact Name of Registrant as Specified in Its Charter)

Delaware 06-1385548
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)

12900 Snow Road
Parma, Ohio 44130
(216) 676-2000

(Address of Principal Executive Offices and Zip Code)

UCAR International Inc.
Management Stock Option Plan

(Full Title of the Plan)

Gary R. Whitaker, Esq.
General Counsel, Vice President and Secretary
12900 Snow Road
Parma, Ohio 44130

(Name and Address of Agent for Service)


(216) 676-2426
(Telephone Number, Including Area Code, of Agent for Service)

Copy To:
M. Ridgway Barker, Esq.
Kelley Drye & Warren LLP
Two Stamford Plaza
281 Tresser Boulevard
Stamford, CT 06901
(203) 324-1400


DEREGISTRATION OF SECURITIES

        GrafTech International Ltd. (the “Registrant”) is filing this post-effective amendment to deregister securities registered for issuance pursuant to the UCAR International Inc. Management Stock Option Plan (as amended and restated, the “Plan”) on Registration Statement on Form S-8, No. 333-95550 (the “Registration Statement”). The Registration Statement registered 4,886,828 shares of common stock, par value $.01 per share, of the Registrant for issuance in accordance with the Plan. All remaining unissued shares are hereby deregistered.

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ITEM 8.  EXHIBITS.

        The following opinions, consents and other documents are attached hereto as exhibits:

Exhibit No.
Description

4.1 UCAR International Inc. Management Stock Option Plan, effective as of January 26, 1995 (incorporated herein by reference to Exhibit 10.30, UCAR International Inc. Registration Statement on Form S-1, File No. 33-94698).

4.2 Amendment to UCAR International Inc. Management Stock Option Plan (incorporated herein by reference to Exhibit 10.56, UCAR International Inc. Registration Statement on Form S-1, File No. 33-94698).

5 Opinion of Kelley Drye & Warren LLP regarding legality of the securities originally registered (previously filed).

23.1 Consent of KPMG Peat Marwick LLP (previously filed).

23.2 Consent of Kelley Drye & Warren LLP (included in Exhibit 5) (previously filed).

24.1 Power of Attorney for R. Eugene Cartledge.*

24.2 Power of Attorney for Mary B. Cranston.*

24.3 Power of Attorney for John R. Hall.*

24.4 Power of Attorney for Ferrell P. McClean.*

24.5 Power of Attorney for Michael C. Nahl.*

24.6 Power of Attorney for Craig S. Shular.*

24.7 Power of Attorney for Harold E. Layman.*

24.8 Power of Attorney for Frank A. Riddick, III.*

__________________

* Filed herewith

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SIGNATURES

        Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Parma, State of Ohio, on the 25th day of July, 2006.

GRAFTECH INTERNATIONAL LTD.


By:  /s/ Mark Widmar                                           
        Name:   Mark Widmar
        Title:    Chief Financial Officer

        Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Signatures

Title Date        

*

Craig S. Shular
Chief Executive Officer, President and
Director (Principal Executive Officer)
July 25, 2006

/s/ Mark Widmar

Mark Widmar
Chief Financial Officer and Vice
President (Principal Accounting Officer)
July 25, 2006

*

R. Eugene Cartledge
Director July 25, 2006

*

Mary B. Cranston
Director July 25, 2006

*

John R. Hall
Director July 25, 2006

*

Harold E. Layman
Director July 25, 2006

*

Ferrell P. McClean
Director July 25, 2006

*

Michael C. Nahl
Director July 25, 2006

*

Frank A. Riddick, III
Director July 25, 2006


*By            /s/ Mark Widmar                  
         Mark Widmar,
         Chief Financial Officer,
         as Attorney-in-fact
 

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EXHIBIT INDEX

Exhibit No.
Description

5 Opinion of Kelley Drye & Warren LLP regarding legality of the securities originally registered (previously filed).

23.1 Consent of KPMG Peat Marwick LLP (previously filed).

23.2 Consent of Kelley Drye & Warren LLP (included in Exhibit 5) (previously filed).

24.1 Power of Attorney for R. Eugene Cartledge.

24.2 Power of Attorney for Mary B. Cranston

24.3 Power of Attorney for John R. Hall.

24.4 Power of Attorney for Ferrell P. McClean.

24.5 Power of Attorney for Michael C. Nahl.

24.6 Power of Attorney for Craig S. Shular.

24.7 Power of Attorney for Harold E. Layman.

24.8 Power of Attorney for Frank A. Riddick, III.

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