Motorship bison 363569 and all freights hire passage moneys requisition compensation salvage or towage remuneration demurrage detention moneys and other moneys whatsoever to be earned by the vessel. All the policies of insurnace taken out in respect of the vessel her freights disbursements or otherwise howsoeverand all the benefits thereof.

The ship the insurances & all benefits thereof, the earnings & owners requisition compensation all as defined in the deed of covenant.

64/64TH shares in M.V. bison registered in london under no. 363569.

(A) all its rights title and interest interest in and to:- all moneys and claims for money due or to become due to the company under and all claims for damages arising out of the branch (I) the bareboat charter dated 22/8/79 in respect of vessel M.V. tipperary (ii) any other charter party or agreement for the chartering. Possession employment or use of or contract of engagements or affreighments relating to the said vessel. B) all freights hires and any other monies which maybe earned or become payable to the company as a a result of the chatering and / or operation of the vessel. (C) any and all proceeds of the foregoing. Registered at the port of dublin. Official no 401950.

All its rights and interest in and to and the benefit of all moenys and claims for moneys (includings all rebates of hire) due or to become due from ensign tankers (leasing) limited to the company under or pursuant to a bareboat charter dated 13/7/79.

Sixty-four sixty-forth shares in the M.V."bison" registered at port of london under official no. 363569 ("the ship").

The mortgaged premises (being the ship, the insurances the earnings and requistiion compensation) all as defined in the deed of covenant.

Any monies which may be or become payable to the company in accordance with clause 46 of the financial agreement dated 10/1/86 made between the company and national westminster bank PLC.

All the company's rights title & interest and benefit present & future in and under:-(a) M.V. "N.F. panther" registered at the port of aberdeen official no: 338170 (the "vessel") and (b) the earnings & insurances of the vessel (for full details see form 395).

64/64TH shares of and in M.V. "N.F. panther" registered in the name of the company at the port of aberdeen under official no 388170.

All rights title interest of the companyin and to all long term contracts,all earnings etc see form 395 for full details.