SAGITTA SHIPPING COMPANY LIMITED: Carichi

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 dated 23/3/90.

£3,170,625 and all other monies due or to become due from the company to the chargee. Secured by the prior mortgagees (as defined)

£3,170,625 and all other monies due or to become due from the company to the chargee.

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 dated 23/9/90

All moneys due or to become due from V.T. (finance) limited to deutsche bank ag in hamburg as agent for itself and the mortgagees as defined under the terms of a deed of guarantee dated 24/2/1989, a loan agreement dated 17/12/84, a statutory mortgage dated 24.2.89 and this charge.

All moneys due or to become due from (V.T. finance) limited to deutsche bank ag in hamburg as agent for itself and the mortgagees as defined under the terms of a deed of guarantee dated 24/2/89 and a loan agreement dated 17/12/84

All moneys due or to become due from U.T.(finance) limited to deutsche bank A.G. in hamberg as agent for itself and the mortgagees as defined under the trms of a deed of guarantee dated 24.2.89, a loan agreement dated 17/12/84, a statutory mortgage dated 24/2/89 and this charge.

All moneys due or to become due from V.T. (finance) limited to deutche bank A.G.in hamberg as agent for itself and the mortgagees as defined under the terms of a deed of guarantee dated 24/2/89 and a loan agreement dated 17/12/84.

The principal sums of dm 2,273,500 & dm 1,364,100 & all other monies due or to become due in accordance with the terms of a loan agreement dated 21-5-90

For further securing dm 2,728,200 and all other monies due or to become due from the company to the mortgagees secured by a mortgage dated 5-1-81 and a loan agreement dated 21-5-80 (as amended)

All monies due or to become due from the company to the mortgagees on an account current regulatedf by a loan agreement dated 21ST may 1980 (as amended) and a deed of covenant dated 5-1-81

For further securing dm 4,547,000 and all other monies due or to become due from the company to the mortgagees secured by a mortgage dated 5-1-81 and a loan agreement dated 21-5-80 (as amended)

All monies due or to become due from the company to the mortgage on an account current regulated by a loan agreement dated 21ST may 1980 (as amended) and a deed of covenant dated 5TH january 1981

2,728 2,00 deutsche marks and all other monies due or to become due from the company to the chargees under the terms of loan agreement dated 21ST may 1980 as amended and secured BY7 a mortgage dated 9TH october, 1980

All monies due or to become dur from the company to the chargees on an account current under the terms of a loan agreement dated 21ST may, 1980 as amended and a deed of covenant dated 9TH october 1980

£4,547,000 deutche marks and all other monies due or to become due from the company to the chargees under the terms of the loan agreemen dated 21ST may, 1980 as amended and secured by a mortgage dated 9TH october, 1980.

All monies due or to become due from the company to the chargees on an account current under the terms of a loan agreement dated 21ST may 1980 as amended and a deed of covenent dated 9TH october, 1980

The aggregate of the sum of dm 2,273,500 and dm 1,364,100 due under the terms of a loan agreement dated 21ST may 1980 and the security documents.