SALTIRE SHIPPING (UK) LIMITED

64/64 shares of which the mortgagee od the owner in the ship M.V. far saltire under isle of man flag at the port of douglas 734725 and her boats and appurtenances.

Vessel M.V. far saltire registered in the legal ownership pf the owner under isle of man flag at the port of douglas with offcial number 734725 and includes any share of interest therein and her engines, machinery, boats, tackle see image for full details.

The insurances and all benefits thereunder in relation the vessel, all policies and contracts of insurance see image for full details.

64/64 shares in the vessel and in her boats and appurtenances. See the mortgage charge document for full details.

First priority all amounts due from any underwriters under any policies. See the mortgage charge document for full details.

All the owner's interest present and future in the vessell. See the mortgage charge document for full details.

Sixty-four sixty fourth (64/64TH) shares in the british registered ship M.V. far saltire with official number 734725.

The 64/64TH shares of which the mortgagor is the owner of the vessel and in the vessel's boats and appurtenances the vessel being platform supply vessel during construction to be known as hull number 222 and includes any share or interest therein and her hull machinery engines boats tackle outfit fittings equipment spare gear fuel consumable and other stores belongings and appurtenances whether on board or ashore. See the mortgage charge document for full details.

All 64/64 shares of the vessel of which the mortgagor is owner and the vessel's boats and appurtenances. "Vessel" means M.V. "far saltire" registered in the name of the mortgagor in the isle of man ship register with official number 734725.

The whole of the companys undertaking property ans assets whatsoever and wheresoever both present and future including any uncalled capital and the proceeds of any future calls the vessel hull no.22 To be named "far saltire" for further details of the property charged please refer to the form 395. see the mortgage charge document for full details.

All of the right title and interest present and future actual or contingent of that assignor in to and under the insurances including all payments to that assignor in respect thereof and all claims rights and remedies of that assignor arising therefrom (including all damages and compensation payable for or inrespect thereof) any requisition compensation all sums of money which may now or in the future be standing in the name of that assignor to the credit of an account including without limitation all amounts now or hereafter credited to an account and all proceeds of the foregoing including all cash at any time and from time to time receivable or distributable in respect of or in exchange for any of the foregoing and interest thereon the charterparty and the farstad guarantee of charter all of its right title and interest in and to the vessel known during construction by the seller as hull number 222 for details of the property charged please refer to the form 395. see the mortgage charge document for full details.

All the company's right title and interest in and to a). The benefit of all insurances over the vessel with hull NO222 at orskov christensens staalskibsvaerft a/s (tbn M.V."far saltire") b). Any compensation payable in respect of the compulsory acquisition or requisition for title or hire of such vessel c). The sterling current account (and any account replacing or amending thereof) of the owner with den norske asa, london branch with account number 62385001 and all monies accruing therefrom d). The sterling partnership account (and any account replacing or amending thereof) in the name of thesaltire shipping (UK) limited partnership with den norske bank asa london branch with account no; -62379001 and all moneys accruing therefrom.. See the mortgage charge document for full details.