The benefit of the debts owed by european banking company LTD in respect of the sum of £9,376,750 deposited with it on 31.3.82 and all and any interest to accrue from time to time on respect thereof.

See doc M20.

All the right, title and interest in all credit balances together with all interest in respect thereof and the benefit of the debts owing (see doc M21 for details).

The operating rolling stock & all the company's rights & interest in it see form 395 for full details).

By way of first floating charge (see form 395 for full details). Undertaking and all property and assets.

All right title and interest in and to the rolling stock all right title and interest in and to the hire agreement by way of first floating charge all the company's undertaking property and assets please refer to form 395 for full details. See the mortgage charge document for full details.

By way of fixed charge, all its right, title and interest in and to the rolling stock (as defined in schedule 1 to the 395) and to the hire agreement andby way of floating charge all undertaking property and assets. See the mortgage charge document for full details.

All deposits now and in the future credited to account designation 550/01/40197778 with the bank and any deposit or account of any other currency description or designation.

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.

Trade mark: "northern belle" registered in class 39 and 42 by northern belle limited, with registered numbers EU001475466 and UK00002220357; trade mark: "royal scotsman" registered in class 39 by the great scottish & western railway company limited, with registered number UK00001316896.. Notification of addition to or amendment of charge.

Registered trade and service marks in favour of venice simplon-orient-express limited regarding trade and service marks "orcaella", class 16, 39 and 43 and number 15297823; "orcaella rivers of myanmar", class 16, 39 and 43 and number 11353869; and others as more particularly described in schedule 3 part b of the instrument.