Persons entitled
- Lloyds Tsb Martime Leasing (NO4) Limited ("Assignee")
Amount secured
All moneys obligations and liabilities from time to time due owing or payable from or by any of the company,allco finance limited ("general partner") , scotia shipping limited ("owner"), farstad shipping asa ("guarantor"), farstad shipping limited (the "bareboat charterer") den norske asa and svenska handelsbanken ab (publ) (the "letter of credit providers") to the chargee under or pursuant to the transaction documents as defined in the application of proceeds and participation agreement relating to the scotia shipping limited partnership (the "appa") dated 29TH june 2001 between the owner, the sponsor, the company, the assignee, the guarantor and the letter of credit providers which include but are not limited to a).,the appa b).a partnership agreement dated 29TH june 2001 between the company, the sponsor and the assignee
Short particulars
All the company's right title and interest in and to a). The benefit of all insurances over the vessel with hull NO78 at brattvaag skipsverft as (tbn M.V."far scotia") b). Any compensation payable in respect of the compulsory acquisition or requisition for title or hire of such vessel c). The sterling current account (and any account replacing or amending thereof) of the owner with den norske asa, london branch with account number 62377001 and all monies accruing therefrom d). The sterling partnership account (and any account replacoing or amending thereof)in the name of the scotia shipping limited partnership with den norske bank asa london branch with account no;-62392001 and all moneys accruing therefrom .