Common use of Forms of Notices of Assignment of Insurances Clause in Contracts

Forms of Notices of Assignment of Insurances. Notice of Assignment (For attachment by way of endorsement to the Policy) COMOROS SHIPPING LIMITED (the "Owner") of Themistokli Dervi 41, Hawai Nicosia Tower, 8th Floor, Flat/office 806 - 807, P.C. 1066, Lefkosia, Cyprus and PAGEON XXXXXXXX XXXXXXX XXXXXXX (xxx "Xxxxxxxxx") xx 000 Xxxx. Makarios Ili Avenue, Limassol, Cyprus, the owners axx xxxxxx xxxxxxxxxx xxxxxxxxxxxx xx xxx xxxxx vessel Vanguard HEREBY GIVE NOTICE that by a General Assignment dated H2006 and entered into by the Owner with FORTIS BANK (NEDERLAND) N.V. (the "Mortgagee") (as security agent and trustee for and on behalf of the Secured Creditors as therein defined (the "Secured Creditors")) and by a Quadripartite Deed dated [o] 2006 and entered into by, inter alios, the Charterer and the Owner with the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors), there has been assigned by us to the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors) as mortgagees of the said vessel all insurances in respect thereof, including the insurances constituted by the policy whereon this notice is endorsed. -------------------------- Signed For and on behalf of COMOROS SHIPPING LIMITED Dated [_] 2006 -------------------------- Signed For and on behalf of PAGEON SHIPPING COMPANY LIMITED Dated [_] 2006 SIGNED, SEALED and DELIVERED ) /s/ Dimitri Glomelakis by Dimitri Glomelakis ) ------------------------- by ) Attorney-in-fact for and on behalf of ) COMOROS SHIPPING LIMITED ) in the presence of: /s/ Helen Dawson Witness Name: Helen Dawson Address: Trainex Xxxxxxxxx Occupation: Norton Rose XXXXXX, SEALED and DELIVERED ) /s/ Anxxxxx Xxxxx as a DEED ) ------------------------- by Andreas Louka ) Attorney-in-fact for and on xxxxxx xx ) PAGEON SHIPPING COMPANY LIMITED ) /s/ Helen Dawson ------------------------------------- in the presence ox: Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Anxxxxx Xxxxx by Andreas Louka ) ------------------------- fox xxx xx xxxxlf of ) Attorney-in-fact TOP TANKERS INC. ) /s/ Helen Dawson ------------------------------------- in the presence ox Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Hexxx Xxxxxx by Helen Dawson ) ------------------------- fox xxx xx xxxalf of ) Attorney-in-fact FORTIS BANK (NEDERLAND) N.V. ) /s/ Vikki Madia ------------------------------------- in the presence of

Forms of Notices of Assignment of Insurances. Notice of Assignment (For attachment by way of endorsement to the Policy) COMOROS SHIPPING LIMITED KEMP MARITIME S.A. (the "Owner") of Themistokli Dervi 4180 Broad Street, Hawai Nicosia TowerMonrovia, 8th Floor, Flat/office 806 - 807, P.C. 1066, Lefkosia, Cyprus Repubxxx of Liberia and PAGEON XXXXXXXX XXXXXXX IDI SHIPPING COMPXXX XXXXXXX (xxx "Xxxxxxxxx") xx 000 Xxxx. Makarios Ili Avenue00 Broad Street, LimassolMonrovia, CyprusRepublic of Liberia, the owners axx xxxxxx and demisx xxxxxxxxxx xxxxxxxxxxxx xx xxx xxxxx xx'-xxx xotor vessel Vanguard "Spotless" HEREBY GIVE NOTICE that by a General Assignment dated H2006 [o] 2006 and entered into by the Owner with FORTIS BANK (NEDERLAND) N.V. (the "Mortgagee") (as security agent and trustee for and on behalf of the Secured Creditors as therein defined (the "Secured Creditors")) and by a Quadripartite Deed dated [o] 2006 and entered into by, inter alios, the Charterer and the Owner with the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors), there has been assigned by us to the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors) as mortgagees of the said vessel all insurances in respect thereof, including the insurances constituted by the policy whereon this notice is endorsed. -------------------------- ------------------------------------- Signed For and on behalf of COMOROS SHIPPING LIMITED KEMP MARITIME S.A. Dated [_o] 2006 -------------------------- ------------------------------------- Signed For and on behalf of PAGEON IDI SHIPPING COMPANY LIMITED Dated [_o] 2006 SIGNED, SEALED and DELIVERED ) /s/ Dimitri Glomelakis by Dimitri Glomelakis ) ------------------------- by ) Attorney-in-fact for and on behalf of ) COMOROS SHIPPING LIMITED ) in the presence of: /s/ Helen Dawson Witness Name: Helen Dawson Address: Trainex Xxxxxxxxx Occupation: Norton Rose XXXXXX, SEALED and DELIVERED ) /s/ Anxxxxx Xxxxx as a DEED ) ------------------------- by Andreas Louka ) Attorney-in-fact for and on xxxxxx xx ) PAGEON SHIPPING COMPANY LIMITED ) /s/ Helen Dawson ------------------------------------- in the presence ox: Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Anxxxxx Xxxxx by Andreas Louka ) ------------------------- fox xxx xx xxxxlf of ) Attorney-in-fact TOP TANKERS INC. ) /s/ Helen Dawson ------------------------------------- in the presence ox Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Hexxx Xxxxxx by Helen Dawson ) ------------------------- fox xxx xx xxxalf of ) Attorney-in-fact FORTIS BANK (NEDERLAND) N.V. ) /s/ Vikki Madia ------------------------------------- in the presence of2006

Forms of Notices of Assignment of Insurances. Notice of Assignment (For attachment by way of endorsement to the Policy) COMOROS SHIPPING LIMITED ICON SPOTLESS, LLC (the "Owner") of Themistokli Dervi 412711 Centerville Road, Hawai Nicosia TowerSuite 400, 8th FloorWilmington, Flat/office 806 - 807New Castle County, P.C. 1066Xxxxxxxx 00000, Lefkosia, Cyprus and PAGEON Xxxxxx Xxxxxx xx Xxxxxxx xxx XXX XXXXXXXX XXXXXXX XXXXXXX XXXPANY LIMITED (xxx the "XxxxxxxxxCharterer") xx 000 Xxxx. Makarios Ili Avenueof 80 Broad Street, LimassolMonrovia, CyprusRepublic of Liberia, the owners axx and xxxxxx xxxxxxxxxx xxxxxxxxxxxx xx xxx xxxxx xhe motor vessel Vanguard "Spotless" HEREBY GIVE NOTICE that by a General Assignment dated H2006 [o] 2006 and entered into by the Owner with FORTIS BANK (NEDERLAND) N.V. (the "Mortgagee") (as security agent and trustee for and on behalf of the Secured Creditors as therein defined (the "Secured Creditors")) and by a Quadripartite Deed dated [o] 2006 and entered into by, inter alios, the Charterer and the Owner with the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors), there has been assigned by us to the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors) as mortgagees of the said vessel all insurances in respect thereof, including the insurances constituted by the policy whereon this notice is endorsed. -------------------------- Signed For and on behalf of COMOROS SHIPPING LIMITED ICON SPOTLESS, LLC Dated [_o] 2006 -------------------------- Signed For and on behalf of PAGEON IDI SHIPPING COMPANY LIMITED Dated [_o] 2006 SIGNED, SEALED and DELIVERED EXECUTED as a DEED ) by Mark Gatto ) /s/ Dimitri Glomelakis by Dimitri Glomelakis Mark Gatto for and on xxxxxx xx ) ------------------------- by ------------------ XXXN SPOTLESS, LLC ) Attorney-in-fact as Owner ) /s/ Vikki Madia -------------------------- in the esence of: Witness Xxxxx Madia Name: Norton Rose Address: Piraeus Ocxxxxxxxx: EXECUTED as a DEEX ) by Eirin Alexandropoulou ) /s/ Eirin Alexandropoulou for and on behalf of ) COMOROS ------------------------- IDI SHIPPING COMPANY LIMITED ) in the presence of: /s/ Helen Dawson Witness Name: Helen Dawson Address: Trainex Xxxxxxxxx Occupation: Norton Rose XXXXXX, SEALED and DELIVERED ) /s/ Anxxxxx Xxxxx as a DEED ) ------------------------- by Andreas Louka ) Attorney-in-fact as Charterer ) /s/ Vikki Madia -------------------------- in the esence of: Witness Xxxxx Madia Name: Norton Rose Address: Piraeus Ocxxxxxxxx: EXECUTED as a DEEX ) by Eirin Alexandropoulou ) /s/ Eirin Alexandropoulou for and on xxxxxx xx ) PAGEON SHIPPING COMPANY LIMITED ) /s/ Helen Dawson ------------------------------------- in the presence ox: Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Anxxxxx Xxxxx by Andreas Louka behalf of ) ------------------------- fox xxx xx xxxxlf of TOP TANKERS INC. ) Attorney-in-fact TOP TANKERS INC. as Charterer Guarantor ) /s/ Helen Dawson ------------------------------------- Vikki Madia -------------------------- in the presence ox Xxxxxxx esence of: Witness Xxxxx Madia Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED Address: Piraeus Ocxxxxxxxx: EXECUTED as a DEED DEEX ) by CHRISTINA ECONOMIPES ) /s/ Hexxx Xxxxxx by Helen Dawson CHRISTINA ECONOMIPES fxx xxx xx behalf of ) ------------------------- fox xxx xx xxxalf of ) Attorney-in-fact FORTIS BANK (NEDERLAND) N.V. ) Attorney-in-fact as Mortgagee ) /s/ Vikki Madia ------------------------------------- -------------------------- in the presence esence of:

Forms of Notices of Assignment of Insurances. Notice of Assignment (For attachment by way of endorsement to the Policy) COMOROS SHIPPING LIMITED ICON DOUBTLESS, LLC (the "Owner") of Themistokli Dervi 412711 Centerville Road, Hawai Nicosia TowerSuite 400, 8th FloorWilmington, Flat/office 806 - 807New Castle Countx, P.C. 1066Xxxxxxxx 00000, Lefkosia, Cyprus and PAGEON Xxxxxx Xxxxxx xx Xxxxxxx xxx XXXXXXX XXXXXXXX XXXXXXX XXXXXXX XOMPANY LIMITED (xxx the "XxxxxxxxxCharterer") xx 000 Xxxx. Makarios Ili Avenueof 80 Broad Street, LimassolMonrovia, CyprusRepublic of Liberia, the owners axx xxxxxx and demisx xxxxxxxxxx xxxxxxxxxxxx xx xxx xxxxx xotor vessel Vanguard "Doubtless" HEREBY GIVE NOTICE that by a General Assignment dated H2006 [ ] 2006 and entered into by the Owner with FORTIS BANK (NEDERLAND) N.V. (the "Mortgagee") (as security agent and trustee for and on behalf of the Secured Creditors as therein defined (the "Secured Creditors")) and by a Quadripartite Deed dated [o[ ] 2006 and entered into by, inter alios, the Charterer and the Owner with the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors), there has been assigned by us to the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors) as mortgagees of the said vessel all insurances in respect thereof, including the insurances constituted by the policy whereon this notice is endorsed. -------------------------- /s/ Mark Gatto ---------------------------------- Signed For and on behaxx xx XXXX DOUBTLESS, LLC Dated [__] 2006 ---------------------------------- Signed For and on behalf of COMOROS SHIPPING LIMITED Dated [_] 2006 -------------------------- Signed For and on behalf of PAGEON FALAKRO SHIPPING COMPANY LIMITED Dated [__] 2006 SIGNED, SEALED and DELIVERED EXECUTED as a DEED ) by Mark Gatto ) /s/ Dimitri Glomelakis by Dimitri Glomelakis Mark Gatto fxx xxx xx behalf of ) ------------------------- by ----------------------------- ICON DOUBTLESS, LLC ) Attorney-in-fact for and on behalf of ) COMOROS SHIPPING LIMITED ) /s/ Vikki Madia ---------------------------------- in the presence of: /s/ Helen Dawson Witness Name: Helen Dawson Address: Trainex Xxxxxxxxx Occupation: Norton Rose XXXXXX, SEALED and DELIVERED ) /s/ Anxxxxx Xxxxx as a DEED ) ------------------------- by Andreas Louka ) Attorney-in-fact for and on xxxxxx xx ) PAGEON SHIPPING COMPANY LIMITED ) /s/ Helen Dawson ------------------------------------- in the presence ox: Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Anxxxxx Xxxxx by Andreas Louka ) ------------------------- fox xxx xx xxxxlf of ) Attorney-in-fact TOP TANKERS INC. ) /s/ Helen Dawson ------------------------------------- in the presence ox Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Hexxx Xxxxxx by Helen Dawson ) ------------------------- fox xxx xx xxxalf of ) Attorney-in-fact FORTIS BANK (NEDERLAND) N.V. ) /s/ Vikki Madia ------------------------------------- in the presence of:

Forms of Notices of Assignment of Insurances. Notice of Assignment (For attachment by way of endorsement to the Policy) COMOROS SHIPPING LIMITED TUCKER NAVIGATION CO. (the "Owner") of Themistokli Dervi 4180 Broad Street, Hawai Nicosia TowerMonrovia, 8th Floor, Flat/office 806 - 807, P.C. 1066, Lefkosia, Cyprus Xxxxxia and PAGEON XXXXXXXX XXXXXXX XXXXXXX FALAKRO SHIPPING COMPANY LIXXXXX (xxx "Xxxxxxxxx") xx 000 Xxxx. Makarios Ili Avenue00 Xxxxx Street, LimassolMonrovia, Cyprus, Liberia the owners axx xxxxxx xxxxxxxxxx and demise charterxxx xxxxxxxxxxxx xx xxx xxxxx vessel Vanguard xessel Doubtless HEREBY GIVE NOTICE that by a General Assignment dated H2006 [__] 2006 and entered into by the Owner with (subject to the prior assignment dated [__] to FORTIS BANK (NEDERLAND) N.V. of Coolsingel 93, 3012 AE Rotterdam, The Netherlands) with MAAS CAPITAL XXXXXXXXXXX X.X. (the xhe "Mortgagee") (as security agent and trustee for and on behalf of the Secured Creditors as therein defined (the "Secured Creditors")) and by a Quadripartite Quadripxxxxte Deed dated [o__] 2006 and entered into by, inter alios, the Charterer and the Owner (subject to the prior assignment dated [__] to FORTIS BANK (NEDERLAND) N.V of Coolsingel 93, 3012 AE Rotterdam, The Netherlands) with the Mortgagee (Mortgagex, xxxxx xxx xxxx xxxxxxxx xx xx xx xxx Xxxxxxxxx as security agent and trustee for and on behalf of the Secured Creditors), there has been assigned by us to the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors) as second mortgagees of the said vessel all insurances in respect thereof, including the insurances constituted by the policy whereon this notice is endorsed. -------------------------- ---------------------------------- Signed For and on behalf of COMOROS SHIPPING LIMITED TUCKER NAVIGATION CO. Dated [__] 2006 -------------------------- ---------------------------------- Signed For and on behalf of PAGEON FALAKRO SHIPPING COMPANY LIMITED Dated [__] 2006 SIGNED, SEALED and DELIVERED EXECUTED as a DEED ) by Dimitri Glomelakis ) /s/ Dimitri Glomelakis by Dimitri Glomelakis for and on behalf of ) ------------------------- by ----------------------------- TUCKER NAVIGATION CO. ) Attorney-in-fact for and on behalf of ) COMOROS SHIPPING LIMITED ) /x/ Xxlen Dawson ---------------------------------- in the presence of: /s/ Helen Dawson Witness Name: Helen Dawson Address: Trainex Xxxxxxxxx Occupation: Norton Rose XXXXXX, SEALED and DELIVERED ) /s/ Anxxxxx Xxxxx as a DEED ) ------------------------- by Andreas Louka ) Attorney-in-fact for and on xxxxxx xx ) PAGEON SHIPPING COMPANY LIMITED ) /s/ Helen Dawson ------------------------------------- in the presence ox: Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Anxxxxx Xxxxx by Andreas Louka ) ------------------------- fox xxx xx xxxxlf of ) Attorney-in-fact TOP TANKERS INC. ) /s/ Helen Dawson ------------------------------------- in the presence ox Xxxxxxx Name: Helen Dawson Address: Trainee Solicitor Occupation: Norton Rose XXXXXXED as a DEED ) /s/ Hexxx Xxxxxx by Helen Dawson ) ------------------------- fox xxx xx xxxalf of ) Attorney-in-fact FORTIS BANK (NEDERLAND) N.V. ) /s/ Vikki Madia ------------------------------------- in the presence of: