Persons entitled
- Clydesdale Bank PLC (The "Lender")
Brief description
Maritime craft services (clyde) limited (the "owner") by way of the deed of covenant (the "charge") with full title guarantee and with first priority mortgages and charges the vessel to the lender and assigns and agrees to assign to the lender all of its rights and interest in and to the assigned property.. In the interpretation of the foregoing:-. "Assigned property" means all of the owner's rights and interest at any time to or in connection with the insurances and requisition compensation.. "Insurances" means all claims and return of premiums but excluding nay mortgagee's interest insurance policies taken out by the lender.. "Requisition compensation" means all compensation payable as a result of requisition for title or other compulsory acquisition of the vessel by any government, state or other competent authority, other than requisition for hire.. "Vessel" means the damen fast crew supplier 2610 vessel with new building number 532519 known as mcs kaver and registered in the name of the owner with official number 919171 and includes any share in it, and its engines, including the hull, machinery, boats, fuel, lubricating oil and stores of the vessel and every other item of equipment whether on board or ashore whether owned at present by the owner or acquired afterwards and all additions, improvements and replacements made to the vessel.. Notification of addition to or amendment of charge.
Contains fixed charge.