Persons entitled
- Girobank PLC
Amount secured
All sums due or to become due from the company to the chargee under or pursuant to a facility agreement dated 11 december 2000 and made between (1) adams holdings (bermuda) LTD., Midnight arrow limited, adams challenge limited, ad ams surveyor LTD., The company and adams vessels (bilbao) limited as joint and several borrowers, (2) girobank PLC (the bank) and (3) sovereign finance PLC as facility manager, a pre-delivery security assignment and any other documents executed to guarantee or secure sums owing under such facility agreement (as each of those documents may from time to time be amended, varied or supplemented)
Short particulars
The right, title and interest in and under (a) a shipbuilding contract dated 28 april 2000 as amended by addendum number 1 dated 28 april 2000 (the "contract") (b) a warranty guarantee issued or to be issued in favour of the company by an insurance company as may be approved by the company in accordance with article 2.3(d) of the contract (the "warranty guarantor") (c) the moneys payable by the builder or the warranty guarantor to the company in relation to those documents.