Persons entitled
- Barclays Bank PLC
Amount secured
Amounts due under clause 1 of the charge where (a) american overseas shipping corporation limited and/or amertrans holdings limited and/or shornway holdings limited (the "companies") covenanted with barclays bank PLC that they would on demand in writing made to them pay or discharge to barclays bank PLC all monies and liabilities which shall for the time being (and whether on or at any time after such demand) be due owing or incurred to barclays bank PLC by the companies (as defined above); (b) amertrans international holdings limited covenanted with barclays bank PLC that it would on demand in writing made to it pay or discharge to barclays bank PLC all monies and liabilities which shall for the time being (and whether on or at any time after such demand) be due owing or incurred to barclays bank PLC
Short particulars
The company as beneficial owner assigned to the bank: (a) all that the policy of assurance described below and all moneys (including bonuses) that may become payable thereunder or under any substituted policy or policies or any new policy effected under clause 3(c) of the charge (which policy or policies together with the scheduled policy are hereinafter called "the policies"). (B) all sums payable to the company in connection with the policies pursuant to section 76 of the insuance companies act 1982. the key-man policies. Office-lutine assurance services limited, life or lives assured-yogesh mehta, date of policy-6 february 1997, amount number-117409, assured-£1,000,000. Office-sackville life, life or lives assured-frank grace, date of policy-5 february 1997, amount number-40693, assured-£1,000,000. Office-lutine assurance services limited, life or lives assured-y mehta and f grace, date of policy-6 february 1997, amount number-117410, assured-£1,000,000.