LMH REALISATIONS LIMITED

By way of floating charge the whole of the property (including uncalled capital) which is or may be from time to time comprised in the property and undertaking of the company.

64 shares in the UK ship hebridean princess official no 305306.

64 shares in the UK ship hebridean spirit official no 904251.

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

The company's right and interest in and to a)the british registered ship M.V. "herbridean spirit" with official number 904521 and in her equipment and appurtenances b)the benefit of all insurances of such ship, c)all the company's earnings of such ship including earnings payable to the company under or pursuant to the bareboat charter dated 11 june 2001 entered into by the company and the charterer, d)all the company's rights under or pursuant to such charter and any compensation payable in respect of the compulsory acquisition or requisition for title of such ship.

Sixty-four sixty fourth (64/64TH) shares of and in the M.V. "herbridean spirit" registered in the name of the company at the port of glasgow under official number 904521 and in her equipment and appurtenances.

Sixty-four sixty fourth (64/64TH) shares of and in the M.V. "herbridean spirit" registered in the name of the company at the port of glasgow under official number 904521 and in her equipment and appurtenances.

Sixty-four sixty- fourth (64/64TH ) shares in the british registered ship "heridean princess" with official number 305306 and in her equipment and appurtenances.

Sixty-four sixty- fourth (64/64TH ) shares in the british registered ship "heridean spirit" with official number 904521 and in her equipment and appurtenances.

The company's right title and interest present and future in and to the vessel 'hebridean princess under official number 305306, all the rights of the company under or pursuant to a bareboat charter dated 14 october 1988, all moneys whatsoever from time to time due or payable to any person arising from the use or operation of the ship together with all the earnings payable by the charterer to the company under or pursuant to the charter; and/or any moneys payable under or pursuant to any guarantee, security or other assurance given to the company at any time in respect of the charterer's obligations under or pursuant to the charter; the benefit of all insurances of the ship; and any compensation payable in respect of the compulsory acquisition or requisition of title of the ship.

The company's right title and interest present and future in and to the vessel 'hebridean spirit' under official number 904521, all the rights of the company under or pursuant to a bareboat charter dated 11 june 2001, all moneys whatsoever from time to time due or payable to any person arising from the use or operation of the ship together with all the earnings payable by the charterer to the company under or pursuant to the charter; and/or any moneys payable under or pursuant to any guarantee, security or other assurance given to the company at any time in respect of the charterer's obligations under or pursuant to the charter; the benefit of all insurances of the ship; and any compensation payable in respect of the compulsory acquisition or requisition of title of the ship.. See the mortgage charge document for full details.

Undertaking and all property and assets. See the mortgage charge document for full details.

All the company's interest, present and future, in the megastar capricorn (official number: 731097) registered in the port of nassau, bahamas (the "vessel") and spares, fittings and other equipment relating to the said vessel whether now owned or subsequently acquired, and whether or not on board, all policies and contracts of insurance. See the mortgage charge document for full details.

All policies and contracts of insurance required to be maintained under clause 5.1 of the deed of covenant (other than mortgagee's interest insurance), which expression includes all entries of the megastar capricorn (to be renamed hebridean spirit) with registered number 731097.

All interest in the hebridean princess,official no.305306,registered at the port of cardiff and any spares,fittings and other equipment thereon; all policies and contracts of insurance and all earnings thereunder; the proceeds of all policies and contracts of insurance,etc. See the mortgage charge document for full details.

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

.. fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.

The vessel hebridean princess official number 305306 together with all fittings and equipment etc and the earnings proceeds of insurances and any requisition compensation. See the mortgage charge document for full details.

All rights title and interest in and to the payment of claims under the insurances and all benefit thereof in respect of the vessel (as defined in the assignment). See the mortgage charge document for full details.

The vessel hebridean princess official number 305306 and all her boats and appurtenances.

All right title and interest in and to the ship the mv "hebridean princess" and assigns al rights title and interest in and to the earnings and any insurances thereunder. See the mortgage charge document for full details.

64 sixty-fourth shares in the ship hebridean princess official number 305306 and all its appurtenances.

The policy of assurance effected by the canada life assurance company insuring the life of anthony binns and given the policy number 2760229 and all monies (including bonuses). See the mortgage charge document for full details.

The policy of assurance effected by the canada life assurance company insuring the life of susan margaret binns and given the policy number 2760231 and all monies (including bonuses). See the mortgage charge document for full details.

Sixty-four sixth fourth (64TH/64TH) shares in the ship "hebridean princess". See the mortgage charge document for full details.