Persons entitled
- Den Norske Bank As
Amount secured
14,000,000 norwegian kroner and all other monies due or to become due from the company to the chargee under the terms of the loan agreement of even date and the security documents (as defined in the loan agreement)
Short particulars
All the company's right title and interest in and to (I) all monies arising out of the use and operation of M.S. "baltic sea" signal letters LAVY2 entered in the norwegian international register of ships and built in the year 1977 (the ship) including but not limited to earnings in respect of a charterparty agreement dated 10/8/89 (ii) all such insurances in relation to the ship including but not limited to (a) hull and risk insurances at full value on full terms and (b) other insurances to cover the amounts customary for the ship. See the mortgage charge document for full details.