Linsrim Shipping Limited

THE PRINCIPAL AGGREGATE AMOUNT OF £47,00 0,000 IN RESPECT OF FIRST SERIES 15% BEA RER DEBENTURE BONDS AND £7,300,000 IN RE SPECT OF THE SECOND SERIES BEARER DEBENT URE BONDS (BOTH AS DEFINED) AND ALL OTHE R MONEYS PAYABLE

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$7,680,000 ALL OTHER MONIES DUE OR TO BE COME DUE FROM THE COMPANY TO THE CHARGE E UNDER THE TERMS OF A LOAN AGREEMENT DA TED 16/8/84 A STATUTORY MORTGAGE OF 5/7 /85 AND THE CHARGE

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£1,450,000 AND ALL OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

FOR FURTHER SECURING DUTCH GUILDERS 11,6 35,200 AND ALL OTHER MONIES DUE OR TO BE COME DUE FROM THE COMPANY TO THE CHARGEE S ON AN ACCOUNT CURRENT UNDER THETERMS O F A LOAN AGREEMENT DATED 19/2/76 AS AMEN DED STATUTORY MORTGAGE DATED 27/1/84 AND THIS CHARGE

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FOR FURTHER SECURING £3,000,000 AND A LL OTHER MONIES DUE OR TO BECOME DUE FRO M THE COMPANY TO THE CHARGEE UNDER THE T ERMS OF A MORTGAGE AND A LOAN AGREEMENT BOTH DATED 20/12/82 AND THIS CHARGE

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THE OUTSTANDING INDEBTEDNESS

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£11,635,200 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CH ARGEE SUPPLEMENTAL TO A LOAN AGREEMENT D ATED 19 JAN 1976

FOR SECURING DUTCH GUILDERS 11,635,200 A ND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER T HE TERMS OF A LOAN AGREEMENT DATED 19/1/ 76 AND THE CHARGE

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FOR FURTHER SECURING THE MONIES SECURED BY ANOTHER CHARGE DATED 1/7/77

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FOR FURTHER SECURING THE MONIES SECURED BY ANOTHER CHARGE DATED 1/7/77

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FOR FURTHER SECURING THE MONIES SECURED BY ANOTHER CHARGE DATED 1/7/77

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FOR SECURING DUTCH GUILDERS 11,635,200 A ND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER T HE TERMS OF A LOAN AGREEMENT DATED 19/1/ 76 WAS REGISTERED PURSUANT TO SECT 95 OF THE COMPANIES ACT 1948, ON THE 5/5/77

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FOR SECURING 11,635,200 DUTCH GUILDERS A ND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEES UNDER THE TERMS OF A LOAN AGREEMENT DATED 19 J AN 1976

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FOR FURTHER SECURING THE MONIES SECURED BY ANOTHER CHARGE DATED 9/7/76

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FOR FURTHER SECURING £1,311,440 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE SECURED BY AN OTHER CHARGE DATED 30/4/76

FOR FURTHER SECURING £1,620,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM T HE COMPANY TO THE CHARGEE SECURED BY ANO THER CHARGE DATED 30/4/76

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FOR FURTHER SECURING DG 11,635,200 AND A LL OTHER MONIES DUE OR TO BECOME DUE FR OM THE COMPANY TO THE CHARGEE SECURED BY ANOTHER CHARGE DATED 14/4/76

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FOR FURTHER SECURING DG 11,635,200 & ALL OTHER MONEYS DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEES SECURED BY A NOTHER CHARGE DATED 22/1/76

FOR FURTHER SECURING DG 11,635.200 & ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEES SECURED BY A NOTHER CHARGE DATED 22/1/76

FOR SECURING 11,635,200 GUILDERS TOGETHE R WITH A PROCURATION FEE OF 349,0256 DUT CH GUILDERS & ALL OF THE MONIES DUE OR T O BECOME DUE FROM THE COMPANY TO THE CHA RGEE

FOR SECURING £1,520,000 TOGETHER WITH A COMMITMENT COMMISSION OF 1% OF THAT SUM AND ALL OTHER MONIES DUE OR TO BECOME DU E FROM THE COMPANY TO THE CHARGEE

FOR SECURING £1,480,000 TOGETHER WITH A COMMITMENT COMMISSION OF 1% OF THAT SUM AND ALL OTHER MONIES DUE ETC FROM THE CO MPANY TO THE CHARGEE

FOR SECURING TO £1,157,440 AND ALL OT HER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

FOR SECURING 1,320,000 DUTCH GUILDERS AN D ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY ADVANCED AND OUTSTANDIN G UNDER THE TERMS OF A LOAN AGREEMENT DA TED 19/1/68 A CHARGE AND A DEED OF COVEN ANT BOTH 26 APRIL 1968