BRITSHIP ONE LIMITED

THE ROYAL BANK OF SCOTLAND PLCAS AGENT AND TRUSTEE FOR ITSELF AND EACH OF THEOTHER FINANCE PARTIES

SECURITY INTEREST AGREEMENT

THE ROYAL BANK OF SCOTLAND PLC(AS AGENT AND TRUSTEE FOR ITSELF AND THE SENIORCREDITORS)

SUBORDINATION AGREEMENT

THE ROYAL BANK OF SCOTLAND PLC(AS SECURITY TRUSTEE FOR THE FINANCE PARTIES)

DEED OF MORTGAGE

THE ROYAL BANK OF SCOTLAND PLC(AS SECURITY TRUSTEE FOR THE FINANCE PARTIES)

MORTGAGE OF SHARES

THE ROYAL BANK OF SCOTLAND PLC(AS SECURITY TRUSTEE FOR THE FINANCE PARTIES)

LEGAL MORTGAGE OF SHARES

THE ROYAL BANK OF SCOTLAND PLC

FIRST PRIORITY HONG KONG MORTGAGE

THE ROYAL BANK OF SCOTLAND PLC

TRIPARTITE DEED

THE ROYAL BANK OF SCOTLAND PLC

DEED OF COVENANT

The Royal Bank of Scotland PLC

All the company's right title and interest present and future in and to M.V."choyang sydney" registered in the name of the company on hong kong flag with O.N. H4-0316 and all fixtures and fittings thereon. See the mortgage charge document for full details.

The Royal Bank of Scotland PLC

The charterparty earnings being that part of theearnings constituted by all moneys due or to become due to or for the account of the company under or arising out of the time charterparty. See the mortgage charge document for full details.

The Royal Bank of Scotland PLC

All rights title and interest present and future to and in M.V. "choyang sydney" registered in the name of the company on hong kong flag with o/n:-hk-0316. See the mortgage charge document for full details.

NATIONAL WESTMINSTER BANK PLC

ASSIGNMENT OF EARNINGS AND TIME CHARTER OF M.V. "SNOW CAPE"

National Westminster Bank PLC

All the assignor's right title and interest in and to:-(a) the charter including without limitation any moneys whatsoever payable to or on account of the assignor under the charter and all other rights powers and benefits whatsoever accruing to the assignor under the charter including (but without prejudice to the generality of the foregoing) all claims for damages in respect of any breach by the charterer of the charter and all powers to terminate the same;. See the mortgage charge document for full details.

BANQUE INDOSUEZ

GENERAL ASSIGNMENT

BANQUE INDOSUEZ

DEED OF COVENANTS

BANQUE INDOSUEZ

FIRST PRIORITY HONG KONG MORTGAGE

Banque Indosuez

All monies whatsoever due or to become due to or for the account of the company. See the mortgage charge document for full details.

Banque Indosuez

The motor vessel M.V. "australia star" registered no hk-0308 and her engines machinery boats tackle outfit spare gear fuel etc.

Banque Indosuez

The company's right title and interest in M.V. "australia star" registered number hk-0308 and her engines machinery boats tackle outfit spare gear fuel or other stores.

BANQUE INDOSUEZ

A FIRST PREFERRED LIBERIAN MORTGAGE

BANQUE INDOSUEZ

GENERAL ASSIGNMENT

FENNOSCANDIA BANK LIMITED

SUPPLEMENTAL LEGAL MORTGAGE

MIDLAND BANK PLC

GENERAL ASSIGNMENT

MIDLAND BANK PLC

GENERAL ASSIGNMENT

MIDLAND BANK PLC

LOAN AGREENMENT

MIDLAND BANK PLC

ASSIGNMENT

MIDLAND BANK PLC

GENERAL ASSIGNMENT

LOMBARD LEASING METROPOLITAN LIMITED

FIRST PRIORITY ASSIGNMENT OF SUB-EARNINGS

LOMBARD LEASING METROPOLITAN LIMITED

FIRST PRIORITY ASSIGNMENT OF SUB- EARNINGS

LOMBARD LEASING METROPOLITAN LIMITED

CHARGE OVER DEPOSIT

LOMBARD LEASING METROPOLITAN LIMITED

CHARGE OVER DEPOSIT

NATIONAL WESTMINSTER BANK PLC

FIRST PRIORITY ASSIGNMENT OF LESSEE'S REBATES

NATIONAL WESTMINSTER BANK PLC

FIRST PRIORITY ASSIGNMENT OF LESSEE'S REBATES

NATIONAL WESTMINSTER BANK PLC

FIRST PRIORITY ASSIGNMENT OF LESSEE'S REBATES

NATIONAL WESTMINSTER BANK PLC

FIRST PRIORITY ASSIGNMENT OF LESSEE'S REBATES

NATIONAL WESTMINSTER BANK PLC

FIRST PRIORITY ASSIGNMENT OF LESSEE'S REBATES

HAMBROS INDUSTRIAL LEASING LIMITED

CHARGE OVER A DEPOSIT

HAMBROS INDUSTRIAL LEASING LIMITED

ASSIGNMENT OF SUB-EARNINGS

3I PLC

CHARGE OVER A DEPOSIT

3I PLC

ASSIGNMENT OF SUB-EARNINGS

3I PLC

ASSIGNMENT OF SUB-EARNINGS

NATIONAL WESTMINSTER BANK PLC

MORTGAGE DEBENTURE

Lombard Leasing Metropolitan Limited

All of the company's right,title and interest in and to:- a)all freights,charterhire and other earnings of whatsoever nature which may at any time be or become owing or due to the company arising out of or as a result of the company's beneficial ownership of lombard's bahamian flag vessel "scottish star". B)all moneys,claims for moneys,causes of action or damage arising out of the breach of any charterparty. C)any proceeds of the foregoing.

Lombard Leasing Metropolitan Limited

All of the company's right,title and interest in and to:- a)all freights,charterhire and other earnings of whatsoever nature which may at any time be owing to the company arising out of or as a result of the company's beneficial ownership of lombard's bahamian flag vessel "english star". B)all moneys,claims for moneys,causes of action or damage arising out of the breach of any charterparty. C)any proceeds of the foregoing.

Lombard Leasing Metropolitan Limited

The deposit and all the right,title,benefit and interest of the company whatsoever present and future therein. Please see doc M23L for full details.

Lombard Leasing Metropolitan Limited

The deposit and all the right,title,benefit and interest of the company whatsoever present and future therein. Please see doc M22L for full details.

Hambros Industrial Leasing Limited

The deposit being all monies from time to time standing to the credit of an account of the company with the bank being hambros bank limited.the account is designated "blue star line limited cash collateral account re.hambros industrial leasing limited-adjustment security".

Hambros Industrial Leasing Limited

All the company's right,title and interest in and to the assigned moneys being a)all freights,charterhire and other earnings due to the company as a result of the beneficial ownership of the vessel.b)all moneys,claims for moneys,causes of action arising out of the breach of any charter. C)any proceeds of the foregoing.

3I PLC

The deposit(being all monies from time to time standing to the credit of an account of the company with the bank(being national westminster bank PLC)which is designated "blue star line limited cash collateral account re.3IPLC-adjustment security".

3I PLC

All the company's right,title and interest in and to the assigned moneys being; a)all freights,charterhire and other earnings due to the company as a result of the beneficial ownership of the vessel.b)all moneys,claims for moneys,causes of action arising out of the breach of any charter. C)any proceeds of the foregoing.

3I PLC

All the company's right ,title and interest in and to the assigned moneys being; a)all freights,charterhire and other earnings due and payable to the company as a result of the beneficial ownership of the vessel. B)all money's,claims for moneys,causes of action arising out of the breach of any charter. C) any proceeds of the foregoing.

LOMBARD NORTH CENTRAL PLC

DEED OF COVENANTS

LOMBARD NORTH CENTRAL PLC

DEED OF COVENANTS

NATIONAL WESTMINSTER BANK PLC

DEED OF COVENANT

Lombard North Central PLC

All the companys right title and interest in and to the vessel "english star" see form 395 ref M99.

National Westminster Bank PLC

All the company's interests present and future in the charterer's insurances,defined in the deed of covenant.please SEEM18L for full details.

NATIONAL WESTMINSTER BANK PLC

DEED OF COVENANT

Lombard North Central PLC

All the company's right,title and interest present and future in and to:-the bahamian flag vessel "scottish star"owned by lombard leasing metropolitan limited and of which the company is the demise charterer and any share or interest therein.please see M4L for full details.

National Westminster Bank PLC

All the company's interests present and future in the charterer's insurances,defined in the deed of covenant as being all the company's joint and other interest in all policies and contracts of insurance which are from time to time taken out or entered into by the company and/or the owner in respect of the ship and her earnings or otherwise howsoever in connection with the ship.please see 125L for full details.

FENNO SCANDIA BANK LIMITED

SUPPLEMENTAL LEGAL MORTGAGE

FENNO SCANDIA BANK LIMITED

SUPPLEMENTAL LEGAL MORTGAGE

FENNO SCANDIA BANK LIMITED

CHATTEL MORTGAGE

THE GOVENOR AND COMPANY OF THE BANK OF SCOTLAND

DEED OF COVENANTS

THE GOVENOR AND COMPANY OF THE BANK OF SCOTLAND

FIRST PRIONTY STATUTORY MORTGAGE

NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY

DEED OF COVENANT

National Westminster Bank Public Limited Company

All the company's interest present and future in the insurances of M.V. "scottish star" registered at the part of london under official number 705941.

AIR LEASE INTERNATIONAL(SEE DOC FOR FULL DETAILS)

ASSIGNMENT AT MODIFICATION CONTRACTORS REFUND GUARANTEE

NATIONAL WESTMINSTER BANK PLC

DEED OF COVENANT

NATIONAL WESTMINSTER BANK PLC

DEED OF COVENANT

National Westminster Bank PLC

All the company's joint or other interst in all policies and contracts of insurance in respect of M.V. "english star" registered at the part of london under official number 709738 or her earnings or ortherwise hausever in connection with her.

National Westminster Bank PLC

All the company's joint on other interest in all policies and contracts of insurance in respect of M.V. "english star" registered at the part of london under official number 709738 or her earnings or otherwise hansoever in connection with her.

NATIONAL WESTMINSTER BANK PLC

DEED OF COVENANT

National Westminster Bank PLC

All the companys interst in the M.v scottish star registered number 705941 and her earnings please see doctor details.

INVESTORS IN INDUSTRY PLC

DEED OF COVENANT

INVESTORS IN INDUSTRY PLC

STATUTORY MORTGAGE

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND.

STATUTORY MORTGAGE

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND.

DEED OF COVENANTS

THE GOVERNOR & COMPANY OF THE BANK OF SCOTLAND.

DEED OF COVENANT

THE GOVERNOR & COMPANY OF THE BANK OF SCOTLAND

DEED OF COVENANT

WESTERN UNITED INVESTMENT CO. LTD

MORTGAGE

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND.

TIMPARTITE AGREEMENT

BANK OF SCOTLAND LTD

TRIPARTUE DEED OF COVENANT.

INTERNATIONAL WESTMINSTER BANK LIMITED

DEED OF COVENANT

INTENATIONAL WESTMINSTER BANK LIMITED

DEED OF COVENANT

Intenational Westminster Bank Limited

The mortgaged premises (being the "southland star & wellington star) their respective earnings insurances & requisition compensation as defined in the deed of convenant.

THE GOVENOR AND COMPANY OF THE BANK OF SCOTLAND.

DEED OF COVENANTS

THE GOVENOR AND COMPANY OF THE BANK OF SCOTLAND

DEED OF COVENANTS

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

DEED OF COVENANTS

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

DEED OF COVENANTS

A/S LANEINSTIT UTTET FOR SKIPSBYGGERIENE

DEED OF COVENANT

LLOYDS BANK PLC

TRIPARTILE DEED OF COVENANT

Lloyds Bank PLC

All the companyes beneficial interest in the charterers insurances.

INTERNATIONAL WESTMINSTER BANK LIMITED

DEED OF COVENANT

INTERNATIONAL WESTMINSTER BANK LIMITED

DEED OF COVENANT

International Westminster Bank Limited

Company's interest present and future in act I and in the owner's insurances and the earnings. (See doc M284 for full details).

GOVERNOR COMPANY OF THE BANK OF SCOTLAND.

DEED OF COVENANT

GOVERNOR & COMPANY OF THE BANK OF SCOTLAND.

DEED OF COVENANT

WESTERN UNITED INVESTMENT CO. LTD.

MORTGAGE

VARIOUS BANKS AS DEFINED

A DEED COVENANT

WESTERN UNITED INVESTMENT COMPANY LTD.

MORTGAGE REGISTERED PURSUANT TO AN OTHER OR COURT MADE ON 15/8/75

THE FIRST NATIONAL BANK OF BOSTON

DEED OF COVENANT

THE FIRST NATIONAL BANK OF BOSTON

DEED OF COVENANT

Various Banks as Defined

All moneys and claim for moneys which may become due with respect of the actual or constructive or agreed or arranged or compromised total sum or requisition for the title or zurline jessels act 1 and act 2. all claims for damages and compensation with respect to such loss orequisition for title or compulsory acquistion. All policies of insurance that have or may hereafter be taken and in respect of the said vessel. All freight package among hire moneys requisition for hire compensation salvage detention money and other earnins.

THE ROYAL BANK OF SCOTLAND LTD.

DEED OF COVENANT

NATIONAL WESTMINSTER BANK PLC

FINANCIAL AGREEMENTS

STAATLICHE KRIDITANS SALT OLDENBURG BREMEN, DEUTSCHE BANK AKTIENGESELLSCHAFT FILIALE BREMEN.

STATUTORY MORTGAGE

STAATLICHE KRIDITANS SALT OLDENBURG BREMEN, DEUTSCHE BANK AKTIENGESELLSCHAFT FILIALE BREMEN.

STATUTORY MORTGAGE

ELLERMAN LINES LTD ELLERMAN'S FINANCE LTD PORT LINE LTD

DEED OF COVENANTS

DEUTSCHE BANK AKTIENGESELLSCHAFT FILIALE

DEED OF COVENANTS

DEUTSCHE BANK AKTIENGESELLSCHAFT FILIALE

SECOND STATUTORY MORTGAGE

DEUTSCHE BANK AKTIENGESELLSCHAFT FILIALE

FIRST STATUTORY MORTGAGE

DEUTSCHE BANK AKTIENGESELLSCHAFT FILIALE BREMEN

THIRD STATUTORY MORTGAGE

DEUTSCHE BANK AKTIENGESELLSCHAFT FILIALE BREMEN

SECOND STATUTORY MORTGAGE

DEUTSCHE BANKE HETIENGESELLSCHAFT FILIALE

THIRD STATUTORY MORTGAGE

DEUTSCHE BANKE HETIENGESELLSCHAFT FILIALE

SECOND STATUTORY MORTGAGE

STAATLICHE KRIDITANS SALT OLDENBURG BREMEN

STATIOTORY MORTGAGE REGISTERED PURSUANT TO AN ORDER OF COURT DATED 13TH AUG 1971

STAATLICHE KRIDITANS SALT OLDENBURG BREMEN

DEED OF COVENANTS REGISTERED PURSUANT TO AN ORDER OF COURT DATED 13TH AUG 1971

STAATLICHE KRIDITANS SALT OLDENBURG BREMEN

DEED OF COVENANTS REGISTERED PURSUANT TO AN ORDER OF COURT DATED 13TH AUG 1971

WESTERN UNITED INVESTMENT COMPANY LTD

MORTGAGE

STAATLICHE KRIDITANS SALT OLDENBURG BREMEN

STATUTORY MORTGAGE REGISTERED PURSUANT TO ORDER OF COURT DATED 13TH AUG 1971

STAATLICHE KRIDITANS SALT OLENBURG BREMEN

STATUTORY MORTGAGE REGISTERED PURSUANT TO ORDER OF COURT DATED 13TH AUG-1971

THE BOARD OF TRADE

DEED OF COVENANT

THE BOARD OF TRADE

STATUTORY MORTGAGE

THE BRITISH LINEN BANK

MORTGAGE

JOHN BROWN & COMPANY LTD

MORTGAGE

LLOYDS BANK PLC

MORTGAGE

LLOYDS BANK PLC

MORTGAGE

MIDLAND BANK PLC

DEED OF SECURITY

HARLAND AND WOLFF LTD

MORTGAGE REGISTERED PURSUANT TO AN ORDER OF COURT DATED 24TH MAY 1935

HARLAND AND WOLFF LTD

MORTGAGE REGISTERED PARSUANT TO AN ORDER OF COURT DATED 24TH MAY-193K

MIDLAND BANK EXECUTOR & TRUSTEE COMPANY

CYRIL. H. KLEINWEST ERNEST. G. KLEINWEST

CYRIL. H. KLEINWEST ERNEST. G. KLEINWEST