All the owners rights interest and benefits under a buildings agreement dated 14/12/1967 relating to the construction of a motor vessel see doc 12 for full details.

(A) the owners rights interest and benefits under a building agreement dated 15TH july 1971 relating to the construction and purchase of a motor vessel to the known during construction as yard no 535 (the vessel) (b) all monies payable to the owner in respect of insurances effected by the builder under the contract and all interest in connection with insurances (c) the vessel and all engines machinery & all materials appropriered from time to time.

(A) the owners rights interest and benefits under or buildings agreement dated 15TH july 1971 relating to the construction and purchase of a motor vessel to the known during construction as yard no 534 ("the vessel") (b) all monies payable to the owner in respect of insurances effected by the builder under the contract and all interest in connection with insurances (c) the vessel and all engines machinery & all materials appropriered from time to time.

(2) the mortgaged interests (being the ship, the insurances, the earnings and requisition compensation as defined in the said deed of convenant.

(1) the M.V. bowstream reg. At the port of cardiff official number 341250.

The sum of £136,000 any other monies standing to the credit of an account designated with the bank.

64/64TH shares in M.v "bow herald" reg no:- 361437.

The ship her insurances to earnings & requisition compensation.

The mortgaged premises (being the ship insurances earnings and requisition compensation as defined in the deed of covenant.

All monies from time to time standing to the credit of an account designated national westminster bank.