Common use of Ship’s name and registration Clause in Contracts

Ship’s name and registration. The Borrower shall: (a) keep the Ship registered in its name under an Approved Flag from time to time at its port of registration; (b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled; (c) not enter into any dual flagging arrangement in respect of the Ship; and (d) not change the name of the Ship, provided that any change of name or flag of the Ship approved by the Lender shall be subject to: (i) the Ship remaining subject to Security securing the Secured Liabilities created by a first priority or preferred ship mortgage on the Ship and, if appropriate, a first priority deed of covenant collateral to that mortgage (or equivalent first priority Security) on substantially the same terms as the Mortgage and on such other terms and in such other form as the Lender shall approve or require; and (ii) the execution of such other documentation amending and supplementing the Finance Documents as the Lender shall approve or require. SINGAPORE/91371628v6 78 SinoPac Capital – Facility Agreement

Ship’s name and registration. The Borrower shall: (a) keep the Ship registered in its name (from the Release Date) under an the Approved Flag from time to time at its port of registration; (b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled; (c) not enter into any dual flagging arrangement in respect of the Ship; and (d) not change the name of the Ship, provided that any change of name or flag of the Ship approved by the Lender shall be subject to: (i) the Ship remaining subject to Security securing the Secured Liabilities created by a first priority or preferred ship mortgage on the Ship and, if appropriate, a first priority deed of covenant collateral to that mortgage (or equivalent first priority Security) on substantially the same terms as the Mortgage and on such other terms and in such other form as the Lender Facility Agent, acting with the authorisation of the Majority Lenders, shall approve or require; and (ii) the execution of such other documentation amending and supplementing the Finance Documents as the Lender Facility Agent, acting with the authorisation of the Majority Lenders, shall approve or require. SINGAPORE/91371628v6 78 SinoPac Capital – Facility Agreement.

Ship’s name and registration. The Each Borrower shall, in respect of the Ship owned by it: (a) keep the that Ship registered in its name under an the Approved Flag from time to time at its port of registration; (b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled; (c) not enter into any dual flagging arrangement in respect of the that Ship; and (d) not change the name of the that Ship, provided that any change of name or flag of the a Ship approved by the Lender shall be subject to: (i) the that Ship remaining subject to Security securing the Secured Liabilities created by a first priority or preferred ship mortgage on the that Ship and, if appropriate, a first priority deed of covenant collateral to that mortgage (or equivalent first priority Security) on substantially the same terms as the Mortgage on that Ship and on such other terms and in such other form as the Lender shall approve or require; and (ii) the execution of such other documentation amending and supplementing the Finance Documents as the Lender shall approve or require. SINGAPORE/91371628v6 78 SinoPac Capital – Facility Agreement.

Ship’s name and registration. The Borrower shall: (a) keep the Ship registered in its name under an the Approved Flag from time to time at its port of registration; (b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled; (c) not enter into any dual flagging arrangement in respect of the Ship; and (d) not change the name of the Ship, provided that any agreed change of name or flag of the Ship approved by the Lender shall be subject to: (i) the Ship remaining subject to Security securing the Secured Liabilities created by a first priority or preferred ship mortgage on the Ship and, if appropriate, a first priority deed of covenant collateral to that mortgage (or equivalent first priority Security) on substantially the same terms as the Mortgage on the Ship and on such other terms and in such other form as the Lender shall approve or require; and (ii) the execution of such other documentation amending and supplementing the Finance Documents as the Lender shall approve or require. SINGAPORE/91371628v6 78 SinoPac Capital – Facility Agreement.