Persons entitled
- The Governor and Company of the Bank of Scotland
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever under or in connection with any finance documents and loan agreement
Short particulars
The assigned property being all rights and interests (a) all rights and interests relating to any amount of any kind payable under the terms of any assigned contract; (b) all rights to reject or take delivery of the ship (as hereinafter defined) pursuant to the shipbuilding contract (as hereinafter defined); (c) all rights to commence, conduct, defend, compromise or abandon any legal or arbitration proceedings relating to any assigned contract or to any matter arising out of or in connection with an assigned contract; (d) all rights to damages, interest, costs or other sums payable under any judgment or order of any court, or any arbitration award, relating to any assigned contract or to any matter arising out of or in connection with an assigned contract; and (e) the warranty of eqality given by the builder in article 9.6 of the shipbuilding contract.. See the mortgage charge document for full details.