TRIBERT TANKERS LONDON LIMITED

Assignment of charters

Created on 30 Jun 1989

Delivered on 12 Jul 1989

Status fully-satisfied

Persons Entitled

The Peninsular and Oriental Steam Navigation Company

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited to the chargee on any account whatsoever

Short Particulars

All right title and interest in a time charter dated 10/10/88 (see form M395, ref M234C for full details).

Transactions

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Assignment of charters

Created on 30 Jun 1989

Delivered on 12 Jul 1989

Status fully-satisfied

Persons Entitled

Indexreal Limited

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited to the chargee on any account whatsoever

Short Particulars

All right title and interest in a time charter dated 10/10/88 (see form m 3958 ref M232C for full details).

Transactions

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Assignment and charge of charters

Created on 29 Nov 1988

Delivered on 12 Dec 1988

Status fully-satisfied

Persons Entitled

Indexreal Limited

Amount Secured

All monies due or to become due from thecompany and/or globtik tankers limited to the chargee on any account whatsoever.

Short Particulars

All rights, title, benefit and interest under of by virtue of a charterparty by way of demire dated 8-2-71 (please refer to form ref M416C).

Transactions

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Assignment and charge of charters

Created on 29 Nov 1988

Delivered on 12 Dec 1988

Status fully-satisfied

Persons Entitled

The Peninsular and Oriental Steam Navigation Company

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited to the chargee on any account whatsoever

Short Particulars

All rights, title, benefit and interest under or by virtue of a chartereparty by way of a demire dated 8-2-71 (please refer to form ref M420C).

Transactions

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Second priority mortgage

Created on 18 Nov 1988

Delivered on 02 Dec 1988

Status fully-satisfied

Persons Entitled

Indexreal Limited

Amount Secured

All monies due or to become due from the company to the chargee on an account current under the terms of a deed of covenant of even date.

Short Particulars

All the company's shares in the vessel 'british norness' (now re-named happy norness) reg at the port of gibralta. Official no 360834.

Transactions

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First priority mortgage

Created on 18 Nov 1988

Delivered on 02 Dec 1988

Status fully-satisfied

Persons Entitled

The Peninsular and Oriental Steam Navigation Company.

Amount Secured

All monies due or to become due from the company to the chargee on an account current under the terms of a deed of covenant of even date.

Short Particulars

All the company's shares in the vessel 'british norness' (now re-named happy norness) reg at the port of gibralta. Official no 360834.

Transactions

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Floating charge

Created on 18 Nov 1988

Delivered on 28 Nov 1988

Status fully-satisfied

Persons Entitled

The Peninsular and Oriental Steam Navigation Company

Amount Secured

All monies due or to become due from the company to the chargee on any account whatsoever

Short Particulars

Floating security over the. Undertaking and all property and assets present and future including uncalled capital.

Transactions

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Deed of covenant

Created on 18 Nov 1988

Delivered on 02 Dec 1988

Status fully-satisfied

Persons Entitled

The Peninsular and Oriental Steam Navigation Company

Amount Secured

All monies due or to become due from the company to the chargee. And/or globtik tankers limited under the terms of the deed and the security documents on any account whatsoever.

Short Particulars

All rights, titles and interest in the vessel british norness official no 360834 (please refer to form M395 ref M481C).

Transactions

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Deed of covenant

Created on 18 Nov 1988

Delivered on 02 Dec 1988

Status fully-satisfied

Persons Entitled

Indexreal Limited

Amount Secured

All monies due or to become due from the company to the chargee and/or globtik tankers limited under the terms of the deed and the security documents, on any account whatsoever.

Short Particulars

All rights, titles and interest in the vessel british norness official no 360834 (please refer to form M395 ref M483C).

Transactions

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Deed of assignment

Created on 18 Nov 1988

Delivered on 02 Dec 1988

Status fully-satisfied

Persons Entitled

The Peninsular and Oriental Steam Naviation Company

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited to the chargee on on any account whatsoever.

Short Particulars

Right, title and interest in vessel british norness (to be re-named happy norness) (please refer to form M395 ref 486C).

Transactions

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Deed of assignment

Created on 18 Nov 1988

Delivered on 02 Dec 1988

Status fully-satisfied

Persons Entitled

Indexreal Limited

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited to the chargee on any account whatsoever

Short Particulars

Right, title and interest in the vessel british norness (to be renamed happy norness) (refer to form M395 ref m 485C forfull details).

Transactions

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Five party deed

Created on 30 Jun 1988

Delivered on 15 Jun 1988

Status fully-satisfied

Persons Entitled

Globtik Holdings Limited

Amount Secured

$5,875,000 due from the company to the chargee under the terms of the charge

Short Particulars

All of the globtik london's rights, title, interest and benefits to and in and under the group relief agreement (see form 395 for full details).

Transactions

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First priority statutory mortgage

Created on 07 Mar 1986

Delivered on 25 Mar 1986

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company

Amount Secured

All monies due or to become due from the company to the chargee under the terms of a loan agreement dated 7/3/86 as defined in a deed of covenent dated 7/3/86

Short Particulars

32/64 shares in the vessel m t globtik britain registered in the name of the company & globtik tanker at nassau with number 388421.

Transactions

Loan agreement

Created on 07 Mar 1986

Delivered on 25 Mar 1986

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of a loan agreement of even dated and the loan documents as defined therein

Short Particulars

The collateral account opened in the names of the company, globtik tankers limited & globtik tankers brazil limited with the london office of the chargee, all contents of the collateral account & collateral repayments (as defined). (See doc M114 for fuller details).

Transactions

General assignment

Created on 07 Mar 1986

Delivered on 25 Mar 1986

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited to the chargee under the terms of a loan agreement dated 7 march 86 and the loan documents

Short Particulars

Charter rights related to the operations of every kind whatsoever of the M.T. globtik britain. (See doc M113 for fuller details).

Transactions

Deed of covenant

Created on 07 Mar 1986

Delivered on 25 Mar 1986

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited limited under the terms of a loan agreement of even date, the note & the security documents as defined the deed of covenant to the chargee.

Short Particulars

Vessel M.T. globtik britain ("the ship") registered in the names of the company & globtik tankers limited official number 388421 (see doc 112 for further details).

Transactions

Contract assignment

Created on 23 Oct 1985

Delivered on 13 Nov 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited to the chargee under the terms of a loan agreement dated 7 dec 84, the notes and the security documents as amended under a letter agreement dated 23 oct 85

Short Particulars

All the company's right, title and interest in and to the agreement dated 23 oct 85 relative to the sale of the M.T. "globtik tokyo and the M.T. "globtik london".

Transactions

Letter agreement

Created on 23 Oct 1985

Delivered on 13 Nov 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company to the chargee and all monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of the letter agreement of even date

Short Particulars

Thirty-two shares in the M.T. "globtik brtain" and the aggregate of all other property charged to the bank by the company under any security document as defined in a loan agreement dated 7 dec 84.

Transactions

Letter agreement

Created on 02 Oct 1985

Delivered on 17 Oct 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of a loan agreement, the notes and the security documents as amended by letter agreements

Short Particulars

The balance of any interest in excess of the maximum lawful rate which the company may stipulate and agree in any loan document to pay as determined by a court of competent jurisdiction to any other amounts due from the company under any loan document.

Transactions

Letter agreement

Created on 02 Oct 1985

Delivered on 17 Oct 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of a loan agreement, the notes and the security documents as amended by letter agreements

Short Particulars

All retention payments as defined in the loan agreement, and all proceeds.

Transactions

Letter agreement

Created on 02 Oct 1985

Delivered on 17 Oct 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York.

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of a loan agreement dated 7 dec 84 the notes and the security documents as amended by the letter agreements

Short Particulars

The M.T. "globtik britain" registered at the port of nassau with official no 388421 ("the ship") the earnings of the ship and requisition compensation in respect of the ship.

Transactions

Letter agreement

Created on 02 Oct 1985

Delivered on 17 Oct 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of a loan agreement dated 7 dec 84 the notes and the security documents as amended by the letter agreements.

Short Particulars

The balance of any interest in excess of the maximum lawful rate which the company may stipulate and agree in any loan document to pay as determined by a court of competent jurisdiction to any other amounts not constituting, interest due or which may become due from the company under any loan document.

Transactions

Letter agreement

Created on 02 Oct 1985

Delivered on 17 Oct 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of a loan agreement dated 7 dec 84 the notes and the security documents as amended by letter agreements

Short Particulars

The balance of any interest in excess of the maximum lawful rate which the company may stipulate and agree in any loan document to pay as determined by a court of competent jurisdiction any other amounts not constituting interest due or which may become due from the company under any loan document.

Transactions

Letter agreement

Created on 02 Oct 1985

Delivered on 17 Oct 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of a loan agreement dated 7 dec 84 the notes and the security documents as amended by letter agreements.

Short Particulars

All the company's right, title and interest in the charter rights (as defined in the london general assignment) and all proceeds.

Transactions

Letter agreement

Created on 02 Oct 1985

Delivered on 17 Oct 1985

Status fully-satisfied

Persons Entitled

Morgan Guaranty Trust Company of New York

Amount Secured

All monies due or to become due from the company and/or globtik tankers limited to the chargee under the terms of a loan agreement dated 7 dec 84, the notes and the security documents as amended by letter agreements dated 27 sep 85 and 2 oct 85

Short Particulars

The balance of any interest in excess of the maximum lawful rate which the company may stipulate and agree in any loan document to pay as determined by a court of competent jurisdiction to any other amounts not constituting interest due from the company under any loan document.

Transactions