Persons entitled
- Midland Bank PLC
- National Westminster Bank PLC
Amount secured
Us $60,000,000 and all other monies due or to become due from the company to the chargees on any account whatsoever. Pursuant to a loan agreement and a guarantee both dated 17/3/89
Short particulars
All of its right title and interst in and to or the benefit of (a) the earnings of the M.V. merchant prelude (b) the insurances of the M.V. merchant prelude (c) all requisition compensation (d) any proceeds of the foregoing (please see doc for details).