British And South American Steam Navigation Company Limited

Standard Chartered Bank

1,000,000 ordinary shares all other stocks and shares all other securites (continued, for fullfull details see form 395 and schedule there).

All monies due or to become due from the company to the chargee for itself and as agent and trustee for "to banks" (as defined details) under the terms of a guarantee and debenture of even date

Stardard Chartered Bank(The 'Agent' as Defined) for Itself and as Agent and Trustee for the Banks Standard Chartered Bank the Governor and Company of the Bank of Scottland, Bardays Bank PLC Creditan Statt Barveren,Credit Lejannaes the Royal Bank of Scotland PLC and Any Other Bank Which May Assume Participation for the Purposes of the Acquisition Facilityand/or the Working Capital Securities

(Please see from 395 serial no M334 for full details). Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

All moneys due or to become due from the company and/or sturtbrand limited and/or all or any of the other companies named there, to the chargees under the term of the charge and the documents refered & therein