North Bay Shipping Limited

Nederlandse Scheepshypotheekbank N.V.

All right title & interest in & to the assigned property (as defined in the deed) being the charter earnings & the charter rights being all rights & benefit whatsoever. See the mortgage charge document for full details.

£1000,000 & all other monies due from the company to the chargee pursuant to the security documents (as defined in the deed)

Nederlandse Scheepshypotheekbank N.V

The whole of the ship & any interest & her engines machinery boats tackle outfit spear gear fuel & other stores leszek official no 778 of 1592 gross tons & 1240 net tons (for full details refer to doc M395 ref M9 & continuation sheets).

£1,000,000 & all other monies due from the company to the chargee on any account whatsoever pursuant to the loan agreement dated 12/10/92

Nederlandse Scheepshypotheekbank N.V.

All right title & interest in & to the mortgaged property- the insurances policies of contract of insurance the payment of all monies registration fees & insurance premiums & the earnings (for full details refer to doc M395 ref M8 & continuation sheets).

£1,000,000 & all other monies due from the company to the chargee on any account whatsoever pursuant to the loan agreement dated 12/10/92

Natonale Nederlanden Scheepshypotheekbank N.V. · Scheepshypotheekbank Nederland N.V. And

All moneys whatsoever payable by the charterers to the company under a demise charter party dated 22/7/87 for the charter of M.V. marylander.

All monies due or to become due from the company to the chargee under the terms of a loan agreement dated 30TH march 1976 and a first preferred mortgage dated 24TH novembers 1987

Nationale Nederlanden Scheepsypotheekbank N.V. · Scheepshypotheekbank Nederland N.V. And

All monies whatsoever payable by the charterers to the company under a demise charterparty dated 22/7/87 for the charter of the M.V. "all state" official no 402241 (please see form no. M47/9DEC/ln for full details).

All monies due or to become due from the company to the chargees under the terms of a loan agreement dated 30/3/87 and this charge

Natonale Nederlanden Scheepshypotheekbank N.V. · Scheepshypotheekbank Nederland N.V And

Mv all state registred at the port of dublin no 402241 with fixtures-see doc for details.

All monies due or to become due from gallic shipping limited to the chargees under the terms of a loan agreement dated 30-3-76 supplemental to a mortgage of even date

Scheepshypotheekbank Nederland N.V. And · Nationale Nederlanden Schepshypotheekbank N.V.

Mv all state registered at the port of dublin no 402241 with fixtures-see doc for details.

All monies due or to become due from gallic shiping limited to the charges and account current under the terms of a loan agreement dated 30-3-76 and a deed of covenant of even date

Nationale Nederlanden Scheepshypotheekbank N.V · Scheepshypotheekbank Nederland N.V. And

Mv marylander reg at the port of dublin 402240 with fixtures-see doc for futher details.

All monies due or to become due from gallic shipping limited to the chargees under the terms of a loan agreement dated 30-3-76 supplemental to a mortgage of even date

Scheepshypotheekbank Nederland N.V. And · Nationale Nederlanden Scheepshypotheekbank N.V.

Mv marylander reg at the port of dublin 402240 with fixtures-see doc for futher details.

All monies due or to become due from gallic shipping limited to the chargees on an account current under the terms of a loan agreement dated 30-3-1976 and deed of covenant of even date