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EXHIBIT 10.41
AMENDMENT
OF
OVERALL AGREEMENT
DATED 1 FEBRUARY 2001
BETWEEN
SANTA FE INTERNATIONAL CORPORATION
AND
PPL SHIPYARD PTE. LTD.
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AMENDMENT OF OVERALL AGREEMENT
THIS AMENDMENT OF OVERALL AGREEMENT is entered into effective on the 1st day of
February 2001 by and between Santa Fe International Corporation, organized and
existing under the laws of the Cayman Islands ("SFIC") and PPL Shipyard Pte.
Ltd., organized and existing under the laws of Singapore ("Builder").
WHEREAS, SFIC and Builder entered into that certain Overall Agreement dated
February 1, 2001; and
WHEREAS, the parties wish to amend the Overall Agreement as set out herein;
NOW, THEREFORE, for and in consideration of the premises and mutual covenants
contained herein, SFIC and Builder hereby agree as follows:
1. In Article 2, add a new Clause 2.7, as follows:
Quote
2.7 Notwithstanding Clause 2.3 hereof, Article III, Paragraph 1(c)
of the contracts in respect of the Option Vessels shall be
modified at lines 1-2 by replacing the words "sixty-two (62)
calendar days" with "thirty-one (31) calendar days" and at
lines 3-4 by replacing the words "sixty-second (62nd) calendar
day" with "thirty-first (31st) calendar day".
Unquote
Except as amended above, all the terms and conditions of the Overall Agreement
shall remain in full force and effect and are unaltered by this Amendment.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment of Overall
Agreement to be duly executed as of the day and year first above written.
SIGNED BY )
on behalf of )
SANTA FE INTERNATIONAL CORPORATION )
in the presence of: )
SIGNED BY )
on behalf of )
PPL SHIPYARD PTE. LTD. )
in the presence of: )
