64/64 shares in M.V. "eagle" reg. No. 340803 southampton.

Securing all monies due or to become due from the company to the chargee under the terms of a credit agreement dated 25/06/1969 and deed of covenant dated 14/05/1971 all monies due or to become due from the company to the chargee

The ship and all policies of insurance.

For securing ff 52,016,100.80 and all monies due or to become due from the company to the chargee secured by another charge dated 14/05/71