Exhibit 10.2.4
Copyright: Norwegian Shipbrokers' Association, Oslo, Norway.
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Norwegian Shipbrokers' Association's
Memorandum of Agreement for sale and
purchase of ships. Adopted by The Baltic
MEMORANDUM OF AGREEMENT and International Maritime Council
(BIMCO) in 1956.
Dated: 20 October, 2004
Code-name
SALEFORM 1993
Revised 1966, 1983 and 1986/87.
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Oceansong Ltd., BERMUDA hereinafter called the Sellers, have agreed to sell, and
Consul Ltd., Bermuda, A WHOLLY OWNED SUBSIDIARY OF ARLINGTON TANKERS LTD, BERMUDA,
hereinafter called the Buyers, have agreed to buy
Name: M/T "STENA CONSUL"
Classification Society/Class: DNV/+1A1 Tanker for Oil and Chemicals, IMO Type 2,
ESP, E0, NAUTICUS, (Newbuilding), TMON, LCS (SI), SPM, VCS-2, hI (1,53), a2, b3,
c2, f2, str.0,1
Built: 2004 BY: Uljanik Shipyard, Croatia
Flag: BERMUDA Place of Registration: BERMUDA
Call Sign: ZCDI6 Grt/Nrt: 27,357/13,866
Register Number: IMO 925 8612
hereinafter called the Vessel, on the following terms and conditions:
DEFINITIONS
"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