Persons entitled
- The Royal Bank of Scotland PLC
Brief description
In consideration of the bank making facilities available to the company and as security for the payment of the secured liabilities to the bank and the performance by the company of its obligations under the mortgages and the deed of covenants, the company as beneficial and legal owner of the ships with full guarantee (see clause 4.1.1 and clause 4.1.2 of the deed of covenants).. (Defined terms are set out in the deed of covenants).
Contains fixed charge.
Contains negative pledge.