VECTIS SHIPPING LIMITED

All right title and interest in and to the ship the insurances and any requisition compensation and all its benefits therein the ship being vectis isle official number 720307. see the mortgage charge document for full details.

Any and all claims the company may at any time and from time to time have against the bank resulting from or in respect of any balance at any time standing to the credit of any account of the company with the bank.

Sixty four sixty fourth shares in the ship vectis isle official number 720307.

All the rights title and interest in and to the mortgaged property being the ship "vectis isle" official no: 720307, the insurances, the earnings and any requisition compensation. See the mortgage charge document for full details.

Sixty-four sixty-fourth shares in the ship "vecris isle" registered at the port of bridgetown in barbados official no: 720307.

Any and all claims in respect of any balance at any time standing to the credit of any account.

All the company's right title and interest present and future in and to M.V. "vectis isle" ,registered in the name and ownersip of the company under barbados flag at the port of brdgetown with official number 720307.

All the company's right title and interest present and future in and to M.V. "vectis falcon " registered in the name and ownership of the company under barbados flag at the port of bridgetown with official number 723884.

All the company's right title and interst present and future in and to M.V. "vectis isle" registered in the name and ownership of the company under barbados flag at the port of bridgetown with official number 720307 .

All of the COMPANY7S rights title and interest present and future in and to the current account and all accounts held by the company with the mortgagee. See the mortgage charge document for full details.

All 64 64TH shares M.V. "vectis falcon" registered at cowes with official number 723884.

All of the company's right title and interest present and future in and to the m .V. "vectis falcon" (ex "fribourg") registered at cowes with official number 723884.

All monies arising out of the sue or operation of the M.V. "vectis falcon" (ex "fribourg") (the "ship") including all freight hire and passage monies all contracts of insurance all monies or other compensation any proceeds of the foregoing. See the mortgage charge document for full details.

All 64 64TH shares in M.V. "vectis isle" registered at the port of hull with official number 720307 and all her boats and appurtenances.

All the company's right title and interest present and future in and to the M.V. "vectis isle" registered at the port of hull with official number 720307.

All monies due from the operation of the M.V. "vectis isle" (the ship) including all freight hire and passage monies,all policices and contracts of insurance all monies or other compensations all monies or other compensation any proceeds of the foregoing. See the mortgage charge document for full details.

All the companys right title and interest in and to all moneys due or to become due to the company arising out of the use of mv "vectis isle" including all freight, hire and passage moneys compensation payable to the company. See the mortgage charge document for full details.

All the companys right title and interest in and to the vessel "lesley jane c" reg in great britain at the port of hull with official no 720307.

All the companys right title and interest in and to the vessel "lesley jane c" (tbr "vectis isle) reg in great britain at the port of hull with official no 720307.

All the companys right title and interest in and to the current account in the name of the company to be opened with the bank any credit balance to which the company is at any time entitled and all accounts held by the company with the chargee.