Dated: 7th February 2005
MS “E.R. Auckland” Schiffahrtsgesellschaft GmbH & Co. KG
c/o E.R. Schiffahrt GmbH & Cie. KG, Bel den Miihren 1, 20457 Hamburg/Germany
hereinafter called the Sellers, have agreed to sell, and
AUCKLAND MARINE INC.
80 Broad Street Monrovia, Liberia C/o DANAOS SHIPPING CO LTD 14, Akti Kondyli
185 45 Piraeus Greece
hereinafter called the Buyers, have agreed to buy
Name: E.R. AUKLAND
Classification Society/Class: GL
hereinafter called the Vessel, on the following terms and conditions:
“Banking days” are days on which banks are open both in the country of the currency stipulated for the Purchase
Price in Clause 1 and in the place of closing stipulated in Clause 8.
“In writing” or “written” means a letter handed over from the Sellers to the Buyers or vice versa, a registered
letter, telex, telefax or other modern form of written communication.
“Classification Society” or “Class” means the Society referred to in line 4.
1. Purchase Price US$ 61,750,000 (Ie United States Dollars Sixty One Million, Seven Hundred
and Fifty Thousand)
As security for the correct fulfillment of this Agreement the Buyers shall pay a deposit of 10% (ten per cent) of
the Purchase Price within 3 ( three ) banking days after from the date of this Agreement has
been signed by both parties by fax and the tripartite agreement is signed by Sellers Buyers and CSAV
Norwegian Shipbrokers’ Association’s
Memorandum of Agreement for sale and
purchase of ships. Adopted by The Baltic
and International Maritime Council
(BIMCO) in 1956.
Revised 1966, 1983 and 1986/87.
By: Hyundai Samho, Korea
Place of Registration: Monrovia
Call Sign: A8DZ2
Grt/Nrt GT/NT: 41,855 / 25,310
Register Number: 204