Persons entitled
- Societe Generale
Amount secured
All liabilities which united asia shipping limited ("the owner") has at the date of the assignment or at any later time or times to the chargee under or by virtue of the loan agreement dated 23RD october 1995, as amended by an addendum no.1 Thereto dated 4TH march 1996 and an addendum no.2 Thereto dated 10TH september 1999 (together "the loan agreement") made inter alios between the chargee and the owner, whereby the chargee agreed to make available to the owner a loan of us$5,000,000.00 ("The loan") to be secured inter alia by a first priority hong kong ship mortgage dated 13TH september 1999 on the vessel and an assignment of the vessel's charterhire and any future earnings as set forth in the assignment, and the us$1.00 Made available to the company as security for payment of the outstanding indebtedness (as defined in the loan agreement)
Short particulars
All the rights, title, interest and benefits in and to all freights, hire, earnings or other monies payable to the owner and/or the company under any charter or contract of affreightment during the loan period (as defined in the loan agreement), including all claims for damages in repect of any breach by any charterer or party of any charter or contract of affreightment.. See the mortgage charge document for full details.