Offshore Support Vessels Iv Limited

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"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

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"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

"ALL OR ANY MONIES AND LIABILITIES WHICH SHALL, FOR THE TIME BEING, BE DUE BY BU E MARINE LIMITED, TIDEWATER MARINE (UK) LIMITED (NOW KNOWN AS BUE NORTH SEA LIMI TED), BUE CASPIAN LIMITED, BUE OFFSHORE VESSELS LIMITED, COURT SHIPPING LIMITED, BUE MARITIME SERVICES LIMITED, BUE ENGI NEERING LIMITED, CASPIAN TESTING SERVICE S LIMITED (AND ADDITIONAL COMPANIES ACCE DING IN FUTURE) TO THE GOVERNOR AND COMP ANY OF THE BANK OF SCOTLAND AS SECURITY TRUSTEE"

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FOR FURTHER SECURING STERLING POUNDS 2,0 32,000 AND ALL OTHER MONIES DUE OR TO BE COME DUE FROM THE COMPANY TO THE CHARGEE ON AN ACCOUNT CURRENT UNDER THE TERMS O F A FINANCIAL AGREEMENT DATED 16 JULY 19 82 AND A STATUTORY MORTGAGE DATED 10 JUN E 1983.

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FOR FURTHER SECURING STERLING POUNDS 2,0 32,000 AND ANY OTHER MONIES DUE OR TO BE COME DUE FROM THE COMPANY TO THE CHARGEE ON AN ACCOUNT CURRENT, UNDER THE TERMS OF A FINANCIAL AGREEMENT DATED 16/7/82, A STATUTORY MORTGAGE DATED 3/5/83 AND TH IS CHARGE.

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INTENDING TO CREATE A CHARGE FOR SECURIN G STERLING POUNDS 2,032,000 AND ALL OTHE R MONIES DUE OR TO BECOME DUE FROM THE C OMPANY TO THE CHARGEE UNDER THE TERMS OF THE FINANCIAL AGREEMENT

INTENDING TO CREATE A CHARGE FOR SECURIN G STERLING POUNDS 2,032,000 AND ALL OTHE R MONIES DUE OR TO BECOME DUE FROM THE C OMPANY TO THE CHARGEE UNDER THE TERMS OF THE FINANCIAL AGREEMENT

DEED OF COVENANT DATED 29/9/71 FOR FURTH ER SECURING £476, 693 AND ALL OTHER MONI ES DUE TO BECOME DUE FROM THE COMPANY TO THE CHARGEE SECURED BY A MORTGAGE DATED 29.9.71 AND WAS REGISTERED PURSUANT TO SEC 95 OF THIS COMPANIES ACT 1948 ON 6.1 0.71.

FOR FURTHER SECURING 403,360 AND ALL OTH ER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO CHARGEE SECURED BY A MORTGAGE DATED 3/2/71 AND PURSUANT TO TERMS OF F INANCIAL AGREEMENT DATED 23/3/70

STERLING POUNDS 806,720 TOGETHER WITH A COMMITMENT COMMISION OF 1% AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE CO MPANY TO THE CHARGEE PURSUANT TO THE TER MS OF THE AGREEMENT