Persons entitled
- The Bank of New York
Amount secured
All monies due or to become due from the company an/or the red funnel secured parties to the chargee under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
1. all its interest, present and future in each ship, 2. assigns and agrees to assign absolutely to the security trustee all its rights, title and interest in and to the earnings and the requisition compensation and all its benefits and interests present and future therein.