DATED 2008 SAFE BULKERS INC. - to - DnB NOR BANK ASA _________________________________ GUARANTEE AND INDEMNITY __________________________________ STEPHENSON HARWOOD One, St. Paul’s Churchyard London EC4M 8SH Tel: +44 020 7329 4422 Fax: +44 7329 7100...Guarantee and Indemnity • May 27th, 2008 • Safe Bulkers, Inc. • Deep sea foreign transportation of freight
DATED 2008 SAFE BULKERS INC. - to - DnB NOR BANK ASA _________________________________ GUARANTEE AND INDEMNITY _________________________________ STEPHENSON HARWOOD One, St. Paul’s Churchyard London EC4M 8SH Tel: +44 020 7329 4422 Fax: +44 7329 7100...Guarantee and Indemnity • May 27th, 2008 • Safe Bulkers, Inc. • Deep sea foreign transportation of freight
