0000950135-06-000118 Sample Contracts

GUARANTY
Guaranty • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight • New York

GUARANTY, dated as of 5 January, 2006 (as amended, modified or supplemented from time to time, this “Guaranty”), made by STENA AB (PUBL), a company incorporated in the Kingdom of Sweden (the “Guarantor”), in favour of CONCEPT LTD., a company incorporated in the Islands of Bermuda (the “Owner”).

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Code word for this Charter Party “SHELLTIME 4” Issued December 1984
Time Charter Party • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

IT IS THIS DAY 5 of January 2006, AGREED between Contest Ltd. of Hamilton, Bermuda (hereinafter referred to as “Owners”), being owners of the good motor tanker vessel called M/T “STENA CONTEST” (hereinafter referred to as “the vessel”) described as per Clause 1 hereof and Stena Bulk AB of Gothenburg, Sweden (hereinafter referred to as “Charterers”):

AMENDMENT NO. 2 TO SHIP MANAGEMENT AGREEMENT January 5, 2006
Ship Management Agreement • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

Reference is hereby made to the Ship Management Agreement, dated October 20, 2004 (the “Ship Management Agreement”), between Vision Ltd., a company incorporated in the Islands of Bermuda (the “Owners”) and Northern Marine Management Ltd., a company incorporated in Scotland (the “Managers”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Ship Management Agreement. The Owners and the Managers together jointly the “Parties” and each respectively a “Party”.

AGREEMENT
Guarantee Agreement • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight • New York

AGREEMENT, dated as of 5 January, 2006 (this “Agreement”), between Stena AB (publ), a company incorporated in the Kingdom of Sweden (“Stena”), and Contest Ltd., a company incorporated in the Islands of Bermuda (the “Owner”).

MEMORANDUM OF AGREEMENT Dated: 5 January, 2006 Norwegian Shipbrokers’ Association’s Memorandum of Agreement for sale and purchase of ships. Adopted by The Baltic and International Maritime Council (BIMCO) in 1956. Code-name SALEFORM 1993 Revised 1966,...
Memorandum of Agreement • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight • England

Oceansymphony Ltd., Bermuda hereinafter called the Sellers, have agreed to sell, and Concept Ltd., Bermuda, a wholly owned subsidiary of Arlington Tankers Ltd., Bermuda hereinafter called the Buyers, have agreed to buy

AMENDMENT NO. 2 TO TIME CHARTER PARTY January 5, 2006
Time Charter Party • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

Reference is hereby made to the Time Charter Party, dated October 20, 2004 (the “Time Charter”), between Consul Ltd., a company incorporated in the Islands of Bermuda (the “Owners”) and Stena Bulk AB, a company incorporated in Sweden (the “Charterers”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Time Charter. The Owners and the Charterers together jointly the “Parties” and each respectively a “Party”.

GUARANTY
Guaranty • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight • New York

GUARANTY, dated as of 5 January, 2006 (as amended, modified or supplemented from time to time, this “Guaranty”), made by ARLINGTON TANKERS LTD., a company incorporated in the Islands of Bermuda (the “Guarantor”), in favour of STENA BULK AB, a company incorporated in the Kingdom of Sweden (the “Charterer”).

1. Date of Agreement THE BALTIC AND INTERNATIONAL MARITIME COUNCIL (BIMCO) 5 January 2006 STANDARD SHIP MANAGEMENT AGREEMENT CODE NAME: “SHIPMAN 98”
Standard Ship Management Agreement • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight • London

It is mutually agreed between the party stated in Box 2 and the party stated in Box 3 that this Agreement consisting of PART I and PART II shall be performed subject to the conditions contained herein. In the event of a conflict of conditions, the provisions of PART I shall prevail over those of PART II to the extent of such conflict but no further.

AMENDMENT NO. 2 TO SHIP MANAGEMENT AGREEMENT January 5, 2006
Ship Management Agreement • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

Reference is hereby made to the Ship Management Agreement, dated October 20, 2004 (the “Ship Management Agreement”), between Companion Ltd., a company incorporated in the Islands of Bermuda (the “Owners”) and Northern Marine Management Ltd., a company incorporated in Scotland (the “Managers”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Ship Management Agreement. The Owners and the Managers together jointly the “Parties” and each respectively a “Party”.

AMENDMENT NO. 2 TO SHIP MANAGEMENT AGREEMENT January 5, 2006
Ship Management Agreement • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

Reference is hereby made to the Ship Management Agreement, dated October 20, 2004 (the “Ship Management Agreement”), between Concord Ltd., a company incorporated in the Islands of Bermuda (the “Owners”) and Northern Marine Management Ltd., a company incorporated in Scotland (the “Managers”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Ship Management Agreement. The Owners and the Managers together jointly the “Parties” and each respectively a “Party”.

GUARANTY
Guaranty • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight • New York

GUARANTY, dated as of 5 January, 2006 (as amended, modified or supplemented from time to time, this “Guaranty”), made by Arlington Tankers Ltd., a company incorporated in the Islands of Bermuda (the “Guarantor”), in favour of Northern Marine Management Ltd., a company incorporated in Scotland (the “Manager”)

AMENDMENT NO. 2 TO TIME CHARTER PARTY January 5, 2006
Time Charter Party • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

Reference is hereby made to the Time Charter Party, dated October 20, 2004 (the “Time Charter”), between Companion Ltd., a company incorporated in the Islands of Bermuda (the “Owners”) and Stena Bulk AB, a company incorporated in Sweden (the “Charterers”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Time Charter. The Owners and the Charterers together jointly the “Parties” and each respectively a “Party”.

GUARANTY
Guaranty • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight • New York

GUARANTY, dated as of 5 January, 2006 (as amended, modified or supplemented from time to time, this “Guaranty”), made by Arlington Tankers Ltd., a company incorporated in the Islands of Bermuda (the “Guarantor”), in favour of Northern Marine Management Ltd., a company incorporated in Scotland (the “Manager”)

AMENDMENT NO. 2 TO SHIP MANAGEMENT AGREEMENT January 5, 2006
Ship Management Agreement • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

Reference is hereby made to the Ship Management Agreement, dated October 20, 2004 (the “Ship Management Agreement”), between Consul Ltd., a company incorporated in the Islands of Bermuda (the “Owners”) and Northern Marine Management Ltd., a company incorporated in Scotland (the “Managers”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Ship Management Agreement. The Owners and the Managers together jointly the “Parties” and each respectively a “Party”.

AMENDMENT NO. 2 TO TIME CHARTER PARTY January 5, 2006
Time Charter Party • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

Reference is hereby made to the Time Charter Party, dated October 20, 2004 (the “Time Charter”), between Compatriot Ltd., a company incorporated in the Islands of Bermuda (the “Owners”) and Stena Bulk AB, a company incorporated in Sweden (the “Charterers”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Time Charter. The Owners and the Charterers together jointly the “Parties” and each respectively a “Party”.

AMENDMENT NO. 2 TO SHIP MANAGEMENT AGREEMENT January 5, 2006
Ship Management Agreement • January 11th, 2006 • Arlington Tankers Ltd. • Deep sea foreign transportation of freight

Reference is hereby made to the Ship Management Agreement, dated October 20, 2004 (the “Ship Management Agreement”), between Compatriot Ltd., a company incorporated in the Islands of Bermuda (the “Owners”) and Northern Marine Management Ltd., a company incorporated in Scotland (the “Managers”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Ship Management Agreement. The Owners and the Managers together jointly the “Parties” and each respectively a “Party”.

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