TERMINATION OF ASSIGNMENT OF EARNINGS AND INSURANCESTermination of Assignment of Earnings and Insurances • April 29th, 2010 • Calpetro Tankers (Bahamas Iii) LTD • Miscellaneous business credit institution • New York
THIS TERMINATION AGREEMENT (this "Termination") is made and entered into as of April 8, 2010, by and between (i) CALPETRO TANKERS (BAHAMAS III) LIMITED, a company organized under the laws of the Bahamas (the "Owner"), and (ii) CALIFORNIA PETROLEUM TRANSPORT CORPORATION, a company organized under the laws of the state of Delaware ("CPTC"), to the assignment of earnings and insurances dated as of April 1, 1995 between the Owner and CPTC (the "Assignment"). Capitalized terms used herein without definition shall have the respective meanings ascribed thereto (or incorporated by reference) in the Assignment, which also contains rules of usage that apply to terms defined therein and herein.
