Persons entitled
- Citibank N.A
Amount secured
The aggregate principal amount of a loan of twenty million us dollars (USD20,000,000) due from the company ("the borrower") to the chargee under a facility letter agreement dated and accepted by the borrower on 6 march 1997 together with interest thereon and all other sums due by the borrower pursuant to the security documents (as defined)
Short particulars
All right title and interest in and to all policies and contracts in insurance in respect of or in connection with the vessel my "virginian" and all benefits thereof and all claims of any nature and returns of premium and all compensation or other money payable as a result of the vessel being requisitioned or compulsorily aquired. See the mortgage charge document for full details.