DATED 30 September 2004
NORSK TEEKAY HOLDINGS
LTD
(as borrower)
— and —
DNB NOR BANK ASA
(as arranger)
— and —
THE SEVERAL BANKS
(as banks)
— and —
DNB NOR BANK ASA
(as facility agent and
security trustee)
SECOND SUPPLEMENTAL
AGREEMENT TO
A SECURED REDUCING
REVOLVING LOAN
FACILITY AGREEMENT DATED
26 JUNE 2003
AS AMENDED BY A FIRST
SUPPLEMENTAL AGREEMENT
DATED 17 NOVEMBER 2003
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Telephone
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CONTENTS
Page
1 Interpretation.......................................................................................2
2 Conditions...........................................................................................3
3 Representations and Warranties.......................................................................6
4 Amendments to Loan Agreement.........................................................................6
5 Confirmation and Undertaking........................................................................10
6 Communications, Law and Jurisdiction................................................................10
7 Miscellaneous.......................................................................................10
Schedule 1...................................................................................................11
The Banks........................................................................................11
Schedule 2...................................................................................................14
The Vessels......................................................................................14
SUPPLEMENTAL AGREEMENT
Dated: 30 September 2004
BETWEEN:-
| (1) |
NORSK TEEKAY HOLDINGS LTD which is a company incorporated according to
the law of the ▇▇▇▇▇▇▇▇ Islands with its registered office at c/o Trust Company
Complex, Ajeltake Road, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇-▇▇▇▇▇ and
its principal place of business at TK House, Bayside Executive Park, West Bay
Street & Blake Road, Nassau, The Bahamas (the "Borrower");
and |
| (2) |
the banks and financial institutions listed in Schedule 1, each acting through
its office at the address indicated against its name in Schedule 1 (together
"the Banks" and each a "Bank"); and |
| (3) |
DNB NOR BANK ASA, acting as facility agent and security trustee through
its office at Stranden 21, P.O. Box 1171 Sentrum, N-0107 Oslo, Norway (in that
capacity "the Agent"); and |
| (4) |
DNB NOR BANK ASA, acting as arranger and underwriter through its office
at Stranden 21, P.O. Box 1171 Sentrum, N-0107 Oslo, Norway (in that capacity
"the Arranger") |
SUPPLEMENTAL TO a Secured
Reducing Revolving Loan Facility Agreement dated 26 June 2003 (the "Original
Agreement") as amended by a first supplemental agreement dated 17 November 2003
(the "First Supplement" and together with the Original Agreement the
"Loan Agreement") each made between the Borrower, the Banks and others
(the "Original Banks"), the Arrangers (as defined therein) and the Agent
(in its former name of Den norske Bank ASA), on the terms and subject to the conditions of
which each of the Original Banks made available to the Borrower its respective Commitment
of an aggregate principal amount not exceeding five hundred and fifty million Dollars
($550,000,000) (the "Facility").
WHEREAS:-
| (A) |
The Borrower wishes to restructure the Facility to enhance the financial
flexibility of the Guarantor and the Borrower and has requested the consent of
the Banks to such restructuring. |
| (B) |
The Banks, the Arranger and the Agent have agreed to consent to such
restructuring and have agreed to amend the Loan Agreement accordingly on the
terms and subject to the conditions contained in this Supplemental Agreement. |
IT IS AGREED THAT:-
| |
1.1 |
In this Supplemental Agreement:- |
| |
"Confirmation
Deed" means a deed of amendment and confirmation to be signed by the Guarantor in
respect of the Guarantee in form and substance satisfactory to the Agent. |
| |
"Effective
Date" means the date on which the Agent confirms to the Borrower that all of the
conditions referred to in Clause 2.1 have been satisfied, which confirmation the Agent
shall be under no obligation to give if an Event of Default or Potential Event of Default
shall have occurred. |
| |
"Intercompany
Agent" means DnB NOR Bank ASA in its capacity as agent under the Intercompany
Loan Amendment and Restatement and the Intercompany Loan Agreement (as redefined in clause
4.1.5 hereof). |
| |
"Intercompany
Loan Amendment and Restatement" means the amendment and restatement of the
Intercompany Loan Agreement made or to be made between the Borrower, the Purchaser and the
Intercompany Agent on terms acceptable to the Majority Banks. |
| |
"Navion
Clipper Mortgage Transfer" means the transfer of the Bahamas ship mortgage over
m.v. "NAVION CLIPPER" in favour of the Intercompany Agent and the Borrower
executed or to be executed in favour of the Agent. |
| |
"Navion
Saga Mortgage Transfer" means the transfer of the Bahamas ship mortgage over m.v.
"NAVION SAGA" in favour of the Intercompany Agent and the Borrower executed or
to be executed in favour of the Agent. |
| |
"New
Guarantees" means the guarantees to be granted by the Vessel Owners in favour of
the Intercompany Agent. |
| |
"New
Security Documents" means together this Supplemental Agreement, the New
Guarantees, the Confirmation Deed and the Qualifying Security Assignment. |
| |
"the
Qualifying Mortgages" means the first priority statutory ship mortgages over the
Vessels together with deeds of covenants collateral thereto to be granted by the Vessel
Owners in favour of the Intercompany Agent (or, in the case of the mortgages and deeds of
covenant for "NAVION CLIPPER" and "NAVION SAGA" only, in favour of the
Intercompany Agent and the Borrower) (each a "Qualifying Mortgage"). |
| |
"Qualifying
Security Assignment" means the deed of assignment of the Qualifying Security
Documents to be executed by the Borrower, the Vessel Owners and the Intercompany Agent in
favour of the Agent. |
| |
"Qualifying
Security Documents" means together the New Guarantees and the Qualifying
Mortgages. |
| |
"Trust
Deed" means the deed made or to be made between the Borrower and the Intercompany
Agent setting out the terms and conditions upon which the Intercompany Agent will hold the
Qualifying Security; |
| |
"Vessel
Owners" means Navion Offshore Loading AS of Norway and Navion Shipping Ltd. |
| |
"Vessels" means those vessels listed in Schedule 2, each of which is owned by a Vessel Owner. |
| |
1.2 |
All words and expressions defined in the Loan Agreement shall have the same meaning when
used in this Supplemental Agreement unless the context otherwise requires, and clause 1.2
of the Original Agreement shall apply to the interpretation of this Supplemental Agreement
as if it were set out in full. |
| |
2.1 |
Before Clause 4 of this Supplemental Agreement shall take effect, the Borrower shall
deliver or cause to be delivered to or to the order of the Agent the following documents
and evidence:- |
| |
2.1.1 |
A certificate from a duly authorised officer of each of the Borrower and the Guarantor
confirming that none of the documents delivered to the Agent pursuant to Clauses 3.1.1 and
3.1.3 of the Original Agreement have been amended or modified in any way since the date of
their delivery to the Agent, or copies, certified by a duly authorised officer of the
Borrower or the Guarantor as the case may be as true, complete, accurate and neither
amended nor revoked, of any which have been amended or modified. |
| |
2.1.2 |
Such evidence as the Agent may reasonably require that each Vessel Owner was duly
incorporated in its country of incorporation and remains in existence and, where
appropriate, in good standing, with the power to enter into, and perform its obligations
under the Qualifying Security Documents including (without limitation) a copy, certified
by a director, officer or the secretary of the Vessel Owner in question as true, complete,
accurate and unamended, of all documents establishing or limiting the constitution of such
Vessel Owner. |
| |
2.1.3 |
A copy, certified by a director, officer or the secretary of each of the Borrower, the
Guarantor and the Vessel Owners as true, complete, accurate and neither amended nor
revoked, of a resolution of its directors and, where required, a resolution of the
shareholders (together, where appropriate, with signed waivers of notice of any
directors’ or shareholders’ meetings) approving, and authorising or ratifying
the execution of, those of the New Security Documents and the Qualifying Security
Documents to which the Borrower, the Guarantor or the relevant Vessel Owner (as the case
may be) is or is intended to be a party and all matters incidental thereto. |
| |
2.1.4 |
A certificate signed by a duly authorised officer of each of the Borrower, the Guarantor
and each Vessel Owner setting out the names of its directors, officers and shareholders
together (where appropriate) with an official certificate of good standing or equivalent
certificate in respect of each issued by its company registry. |
| |
2.1.5 |
The power of attorney, notarially attested and legalised where required, of each of the
Borrower, the Guarantor and each Vessel Owner under which any documents are to be executed
or transactions undertaken by it. |
| |
2.1.6 |
The Qualifying Security Assignment duly executed and all notices of assignment to be
issued pursuant thereto, duly executed and served on the relevant recipients and duly
acknowledged where appropriate. |
| |
2.1.7 |
The Navion Clipper Mortgage Transfer and the Navion Saga Mortgage Transfer each duly
executed and registered with the Bahamas Maritime Authority in London together with a
transcript of the register in respect of each of m.v. "NAVION CLIPPER" and m.v.
"NAVION SAGA" evidencing due registration of the relevant Qualifying Mortgages
in favour of the Agent. |
| |
2.1.8 |
The Confirmation Deed duly executed by the Guarantor. |
| |
2.1.9 |
The Intercompany Loan Amendment and Restatement duly executed by all parties thereto
together with written confirmation from the Intercompany Agent that all conditions
precedent referred to therein have been satisfied. |
|
2.1.10 |
The Trust Deed duly executed by the parties thereto. |
| |
2.1.11 |
Payment to the Agent on behalf of each of the Banks of a restructuring fee as separately agreed. |
| |
2.1.12 |
The documents and evidence listed in clause 3.4 (other than those listed in clauses 3.4.1
and 3.4.2) of the Original Agreement in relation to the Vessels. |
| |
2.1.13 |
The originals of the Qualifying Security Documents duly executed and registered delivered
to the Agent. |
| |
2.1.14 |
Confirmation of the Shares Charge and the Assignment. |
| |
2.1.15 |
Confirmation satisfactory to the Agent that all legal opinions required by the Agent on
behalf of the Finance Parties will be given in substantially the form required by the
Agent. |
| |
2.2 |
The Borrower undertakes to deliver or to cause to be delivered to the Agent, on or as soon
as practicable after the Effective Date, the following additional documents and evidence:- |
| |
2.2.1 |
The documents and evidence listed in clause 3.5 of the Original Agreement in relation to the Vessels; and |
| |
2.2.2 |
Such legal opinions as the Agent shall require. |
| |
2.3 |
All documents and evidence delivered to the Agent pursuant to this Clause shall:- |
| |
2.3.1 |
be in form and substance acceptable to the Agent; |
| |
2.3.2 |
be accompanied, if required by the Agent, by translations into the English language, certified in a manner acceptable to the Agent; |
| |
2.3.3 |
if required by the Agent, be certified, notarised, legalised or attested in a manner acceptable to the Agent. |
| 3 |
Representations and
Warranties |
| |
Each
of the representations and warranties contained in clause 4 of the Original Agreement as
amended by the First Supplement (other than that contained in Clause 4.6) shall be deemed
repeated by the Borrower at the date of this Supplemental Agreement and at the Effective
Date (in addition to the dates on which they are deemed repeated under the Original
Agreement), by reference to the facts and circumstances then pertaining, as if references
to the Security Documents included the New Security Documents and as if references to the
Intercompany Loan Agreement included the Intercompany Loan Amendment and Restatement. |
| 4 |
Amendments to Loan Agreement |
| |
4.1 |
With effect from the Effective Date the Loan Agreement shall be read and construed as though:- |
| |
4.1.1 |
the definitions set forth in Clause 1.1 of this Supplemental Agreement were incorporated
in clause 1.1 of the Original Agreement in alphabetical order and any existing definitions
renumbered accordingly; |
| |
4.1.2 |
the definition of "Qualifying Security Date" contained in clause 1.1 of
the Original Agreement and throughout the Loan Agreement were deleted; |
| |
4.1.3 |
the definition of "Margin" set forth in Clause 1.1 of the Original
Agreement were deleted and replaced with the following:- |
| |
|
"Margin"
means sixty five basis points (65bps) per annum." |
| |
4.1.4 |
the definition of "Security Documents" set forth in clause 1.1 of the
Original Agreement included the New Security Documents but excluded the Cash Call
Guarantee; |
| |
4.1.5 |
the definition "Intercompany Loan Agreement" set forth in clause 1.1 of
the Original Agreement referred to the Intercompany Loan Agreement as amended and restated
by the Intercompany Loan Amendment and Restatement. |
| |
4.1.6 |
clause 7.2 of the Original Agreement were deleted and replaced with the following:- |
| |
|
"7.2
Commitment Commission The Borrower shall pay to the Agent Commitment Commission in
Dollars at the rate of thirty five basis points (35bps) per annum on any undrawn and
uncancelled part of the Facility. The Commitment Commission will accrue from day to day on
the basis of a 360 day year and the actual number of days elapsed and shall be paid
quarterly in arrears from the Effective Date until the Commitment Termination Date with a
pro rata payment being due and payable on the Commitment Termination
Date." |
| |
4.1.7 |
clause 10.1.1 of the Original Agreement were deleted and replaced with the following:- |
|
"10.1.1 |
no third party rights without the Majority Banks prior written consent create or
permit to arise or continue any Encumbrance on or over all or any part of the Vessels or
their Earnings or Insurances except for Permitted Liens or Encumbrances arising in
connection with the financing of the organic compound equipment provided on a non-recourse
basis to the Borrower (the "VOC Equipment"); nor"- |
| |
4.1.8 |
the definitions of Minimum Rating, Qualifying Security, Cash Call Amount, Cash Call
Guarantee, Permitted Borrowings and NIBD, clauses 10.1.2, 10.1.4, 10.1.5, 10.2.3, 10.3,
10.4, 10.5, 10.6 and 10.7, together with Schedule 3, of the Original Agreement were
deleted; |
| |
4.1.9 |
the reference in the last line of clause 10.2.3 of the Original Agreement to "Clause
10.3" were amended to read "Clause 10.4"; |
| |
4.1.10 |
the following new clauses were inserted in the Loan Agreement:- |
|
"10.3 |
Valuations Deliver to the Agent a Valuation of each of the Vessels on the due date
for delivery of the financial statements of the Guarantor and on such other occasions as
the Agent may reasonably request. |
|
10.4 |
Guarantor’s Financial Covenants At any time during the Facility Period, the
Borrower shall procure that:- |
| |
(a) |
the Guarantor maintains Free Liquidity of not less than one hundred million
Dollars ($100,000,000); and |
| |
(b) |
the aggregate of the Guarantor’s Free Liquidity and undrawn committed
revolving credit lines (excluding undrawn committed revolving credit lines with
less than 6 months to maturity) shall not be less than seven point five per cent
(7.5%) of the Total Debt. |
|
10.5 |
Dividends Provided that the Intercompany Indebtedness shall at all times be equal
to or greater than the Indebtedness and no Event of Default has occurred and is continuing
the Borrower may:- |
| |
10.5.1 |
pay any dividends or make any other distributions to shareholders; |
| |
10.5.2 |
make any loan or other similar financial support available
to any third party or any member of the Navion Group; |
|
10.6 |
Intercompany Loan Once every six months, and on the written request of the Agent,
the Borrower shall deliver a certificate to the Agent confirming the amount outstanding
under the Intercompany Loan Agreement, which shall at all times be at least equal to the
aggregate of the Facility Outstandings and all unpaid interest, costs and expenses
hereunder. |
|
10.7 |
Drawdown Notice The form of drawdown notice attached as Schedule 5 of the Loan
Agreement shall be modified by adding an extra paragraph as follows: |
|
|
We hereby represent and warrant that, immediately following the advance of the Drawing
referred to in this Drawdown Notice, the amount outstanding under the Intercompany Loan
Agreement shall be equal to or greater than the Facility Outstandings." |
| |
4.1.11 |
a new clause 12.2.18 were inserted as follows:- |
| |
|
"12.2.18
Intercompany Loan Agreement if any default (other than on the part of the
Intercompany Agent) occurs under the Intercompany Loan Agreement or if the Intercompany
Agent is removed (or steps are taken to try to remove it) from its position as agent
thereunder or if the Borrower (i) obstructs the Intercompany Agent from performance of its
delegated duties or (ii) attempts to revoke the authority and discretion it has granted to
the Intercompany Agent, under clause 10.3(b) of the Intercompany Loan Agreement". |
| |
4.1.12 |
the Commitments and Proportionate Shares of the Banks shall be amended to the
amounts and percentages set out in Schedule 1. |
| 5 |
Confirmation and Undertaking |
| |
5.1 |
In consideration of the agreement of the Banks and the Agent contained in this
Supplemental Agreement, the Borrower confirms that all of its obligations under or
pursuant to each of the Security Documents to which it is a party remain in full force and
effect, despite the amendments to the Loan Agreement made in or pursuant to this
Supplemental Agreement, as if all references in any of the Security Documents to the Loan
Agreement (however described) were references to the Loan Agreement as amended and
supplemented by this Supplemental Agreement. |
| |
5.2 |
The definition of any term defined in any of the Security Documents shall, to the extent
necessary, be modified to reflect the amendments to the Loan Agreement made in or pursuant
to this Supplemental Agreement. |
| 6 |
Communications, Law and Jurisdiction |
| |
The
provisions of clauses 16 and 19 of the Original Agreement shall apply to this Supplemental
Agreement as if they were set out in full and as if references to the Loan Agreement were
references to this Supplemental Agreement. |
| |
Clauses
17.7, 18.2, 18.20 and 18.21 of the Original Agreement shall (mutatis mutandis) apply to
this Supplemental Agreement. |
IN WITNESS of which the
parties to this Supplemental Agreement have executed this Supplemental Agreement the day
and year first before written.
Schedule 1
The Banks
The Banks The Commitments The Proportionate Shares (%)
Citibank N.A. $34,166,666.67 7.45%
▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇ ▇▇▇
Fax: ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Attention: Processing Unit, Loans
DnB NOR Bank ASA $86,666,666.63 18.91%
Stranden 21
▇.▇.▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇
▇-▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇
Fax no: ▇▇▇ ▇▇ ▇▇▇▇▇▇
Attention: Credit Administration, Shipping
Nordea Bank Norge ASA $31,666,666.67 6.91%
▇.▇.▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇
Fax no: ▇▇▇ ▇▇ ▇▇▇ ▇▇▇
Attention: International Loan Administration
The Governor and Company $31,666,666.67 6.91%
of the Bank of Scotland
Marine Finance Group
Corporate Banking
New Uberior House
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇
Fax no: ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Fortis Capital Corp $31,666,666.67 6.91%
Three Stamford Plaza
301 Tresser Boulevard
Stamford, CT06901
United States of America
Fax no: ▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Attention: Shipping Department
HSBC Bank plc $31,666,666.67 6.91%
▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇
▇▇▇ ▇▇▇
Fax no: ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Attention: Transport & Logistics, Shipping Corporate, Investment Banking and Markets
ING Bank N.V. $31,666,666.67 6.91%
▇▇▇▇▇ ▇▇▇
▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Fax no: ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇
Attention: ▇▇▇▇▇ Van der Ploeg
Lloyds TSB Bank plc $31,666,666.67 6.91%
Structured Asset Finance
▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇
▇▇▇▇ ▇▇▇
Fax no: ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Attention: Head of Ship Finance
Scotiabank Europe Plc $31,666,666.67 6.91%
▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇
▇▇▇▇ ▇▇▇
Fax no:▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇/▇▇▇▇▇ ▇▇▇▇▇▇
Skandinaviska Enskilda ▇▇▇▇▇▇ ▇▇ (publ) $31,666,666.67 6.91%
8 ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇
For administration matters:
Fax no: ▇▇▇ ▇▇▇▇ ▇▇▇▇
Attention: ▇▇▇▇ Geelmugden
KV 108 FCA
Fax no: ▇▇▇ ▇▇▇▇ ▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
For credit matters:
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇
▇▇-▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇
Fax no: ▇▇▇ ▇▇▇▇ ▇▇▇▇
Attention: Per ▇▇▇▇ ▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇▇▇
Calyon $22,500,000 4.91%
For administration matters:
9. Quai, du President ▇▇▇▇ ▇▇▇▇▇▇ F-92400
92920 Paris La Defense Cedex
France
Fax no: ▇▇▇ ▇▇▇ ▇▇ ▇▇▇▇
Attention: Middle Office/Shipping/▇▇ ▇. ▇▇▇▇▇/▇. ▇▇▇▇▇-▇▇▇▇▇▇
For credit matters:
▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇
Fax no: ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇
Attention: ▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
HSH Nordbank AG $22,500,000 4.91%
▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇-▇▇▇▇▇ ▇▇,
▇-▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany
Fax no: ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇
Attention: Franke Hay
NIB Capital Bank N.V. $22,500,000 4.91%
▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇, ▇▇▇ ▇▇▇▇▇
▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Fax no: ▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇
Attention: Transportation & Energy
Vereins-und Westbank AG $14,166,666.67 3.09%
Alter Wall 22
▇-▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Germany
Fax no: ▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇
Attention: ▇▇ ▇▇▇▇ ▇▇▇▇▇
Schedule 2
The Vessels
Vessel Flag Vessel Owner
NAVION CLIPPER Bahamas Navion Offshore Loading AS
NAVION NORVEGIA NOR Navion Offshore Loading AS
NAVION EUROPA NOR Navion Offshore Loading AS
NAVION BRITANNIA NOR Navion Offshore Loading AS
NAVION SCANDIA NOR Navion Offshore Loading AS
NAVION HISPANIA NOR Navion Offshore Loading AS
NAVION OCEANIA NOR Navion Offshore Loading AS
NAVION ANGLIA NOR Navion Offshore Loading AS
NAVION SAGA Bahamas Navion Offshore Loading AS
NAVION SCOTIA NIS Navion Offshore Loading AS
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