0001015402-05-003663 Sample Contracts

MEMORANDUM OF AGREEMENT Dated: Dated as of 23rd February 2005
Memorandum of Agreement • August 2nd, 2005 • Mc Shipping Inc • Deep sea foreign transportation of freight • London

Bergesen d.y. Shipping A.S. hereinafter called the Sellers, have agreed to sell, and MC Ibis Shipping Limited hereinafter called the Buyers, have agreed to buy

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Partnership Agreement of MUNIA Mobiliengesellschaft mbH & Co. KG, Grünwald Name and Principal Place of Business
Mc Shipping Inc • August 2nd, 2005 • Deep sea foreign transportation of freight

The Partnership carries the name MUNIA Mobiliengesellschaft GmbH & Co. KG and has its principal place of business in Grünwald (hereinafter referred to as the “Fund Company”)

Date: March 30, 2005 and as joint and several borrowers - and - SCOTIABANK EUROPE PLC as Lender
Loan Agreement • August 2nd, 2005 • Mc Shipping Inc • Deep sea foreign transportation of freight
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