SUPERFICIAL CONDITION SURVEY. Double hull tanker ATLANTIC GALAXY. IMO no.: Summer deadweight: m/tonnes Built: Japan 2005

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1 DRABSTRAAT 201 bus 9 B MORTSEL (Antwerpen) Tel: ++32(0) Mail: dante.demeyer@telenet.be SUPERFICIAL CONDITION SURVEY Double hull tanker IMO no.: Summer deadweight: m/tonnes Built: Japan 2005 In accordance with instructions received from the court bailif, mr. Roger Dujardin, office adressed at 2000 Antwerrp (Belgium), Kipdorp 42, we, the undersigned, DANTE DE MEYER, marine and cargo surveyor, office adressed at 2640 Mortsel, (Antwerp) Drabstraat 201/9, attended on board the aforementioned vessel at the port of Antwerp on the 30 th of June Our assignment reading as follows: in view of a forced sale after judicial confiscation of the vessel to made a visit aboard ship to get an idea of the condition and hers characterizations. This survey report records information and details obtained during the superficial inspection and as made available by the vessel s master and chief engineer. This report is based on information obtained verbally or extracted from the ship documents made available during the course of inspection on board. The undersigned surveyor will not be held responsible in any way for any information that has been misinterpreted or for any errors and omissions. The report is based on a superficial inspection carried out in limited time in order to provide an overall opinion of the vessel s condition. Page 1 / 21

2 Photographs have been taken and these have been individually annotated for ease of reference. The appended photographs will assist the readers of this report in formulating their own opinion with respect to the condition of this vessel, over and above that which has been expressed by the undersigned. General view bow and stern (as safe moored at berth no. 228/230 of the Antwerp docks) Page 2 / 21

3 Aft.castle Bridge Page 3 / 21

4 deck view from PS bridge wing Mid ship view from bridge Page 4 / 21

5 Chart desk ( Bridge ) Radio room ( Bridge ). Page 5 / 21

6 Navigation Electricity compartment (Bridge) Stern Christmasmast Page 6 / 21

7 Poop deck with engine room shaft and crane deck view from SB bridge wing Page 7 / 21

8 Cargo control room Deck office (1) Page 8 / 21

9 Deck office (2) Mess room Page 9 / 21

10 Main engine Main engine specs Page 10 / 21

11 Aux. Engine(s) Page 11 / 21

12 Engine control room Page 12 / 21

13 Steering gear Page 13 / 21

14 Fore deck Page 14 / 21

15 Fore peak ( epoxy tar coated ) Ballast tank Page 15 / 21

16 Midship deck Page 16 / 21

17 Life boat SB Poop deck Our general impression of the tanker after walking around: During and after our walk-around of the complete vessel, I could not avoid the impression that the vessel / tanker be found in a good looking / excellent condition for her age (6 years old). No cargo tanks could have been inspected (last three cargoes carried were crude oil and cargotanks are under pressure of inerted gas). Page 17 / 21

18 As writing, our findings are also based on information extracted from the ship s documents. The intertanko s standard tanker chartering questionnaire 88 (Q 88) amounts all relevant information: see website The all ship s conditions certificates are even so available to the website of the court bailif: sales and link to documents. Vessel s PARTICULARS: Call sign: C 4 D A 2 Flag: Cyprus Port of registry: LIMASSOL Official number: IMO/Lloyds number: Class society: ABS Class notation: +A1(E) Oil carrier, + AMS, + ACCU, SH, SHC; M,ESP, VEC-L P & I club: Gard Previous name vessel: YEROTSAKOS Keel laid: Launched: Delivered: Shipyard: SANOYAS HISHINO (Japan) Last dry-dock: Owners: Dolphin Maritime Co. Ltd. Costakis Pantelides Ave Nicosia Cyprus P.B Nicosia Operators: Heidmar Inc. Glover Ave, 20 CT Norwalk LOA: 249,00 m. LBP: 233,00 Breadth (Moulded): 44,00 Depth (Moulded): 21,20 Keel to masthead: 49,83 Min air draft SW Ballast: 41,14 Bridge front bow: 210,69 Bridge front stern: 38,31 Bridge front-manifold 84,45 Page 18 / 21

19 Tonnage Net.: ,87 98,1 m/t Gross: ,04 FWA Reduced tonnage: Load line: Freeboard Draft DWT Tropical fresh: m/t Fresh: Tropical: Summer: Winter: Lightship: Normal ballast conditions: Machinery/speed/propeller/rudder: Main engine: M.C.R.: N.C.R.: C/P Speed: Propeller: Rudder: Generator sets: FW Generator cap.: KAWASAKI MAN B & W 6 S 60 MC C PS / 105 rpm PS / 99,5 rpm 14,8 Kts 4 blade solid aerofoil, keyless screw Hanging semi ballanced 3 x 769 Kw / 900 rpm Diesel engines 30 cum/day Cargo- and ballast pumping system: Cargo oil P/P s: 3 x 2800 cbm/hr. Ballast pumps: 2 x 1500 cbm/hr. Stripping pump: 1 x 200 cbm/hr. Cargo eductor: 1 x 400 cbm/hr. Ballast eductor: 1 x 200 cbm/hr. Fire /GS pump: 1 x 320/175 cbm/hr. Fire/Bilge/Ballast pump: 1 x 320/175 cbm/hr. Max.loading rate: Max.discharging rate: CBM/HR CBM/HR. Page 19 / 21

20 Bunker tank capacity: H.F.O. tanks: F.O. 1 (P): F.O. 1 (S): F.O. 2 (S): Set.: Ser.: M.D.O. tanks: DOT (P): DO serv.: Cargotank capacity (98 %): 1 P/S: P/S: P/S: P/S: P/S: P/S: SL S: SL.P: Tot.: Ballasttank capacity (100 %): F.P.: 2911 WBT 1 P/S: 5927 WBT 2 P/S: 6498 WBT 3 P/S: 6520 WBT 4 P/S: WBT 5 P/S: 7682 Aft. P.: 957 Tot.: Page 20 / 21

21 Our general impression of the tanker after over-going the all ship s classification documents ( all ship s documents are deposited and open for inspection on court bailif s office ): Vessel has launched as a new-built double hull tanker in ( Built in Japan ). Regarding to the all ship s classification documents ( see attachment ABS survey status report for owner ) and regarding to the general noticeable condition and out-look, the tanker will be an in good state, ready-for-use. Other findings noticed during our visit on Bunkers ( according chief engineers logbook ): Heavy fuel oil ( High sulphur ): Heavy fuel oil ( low sulphur ): Marine gasoil ( low sulphur ): Lube oils: 475,9 m/t 327,7 m/t 43,5 m/t litr. Running hours ( hr.): Main engine: hrs. Aux. Engine Aux. Engine Aux. Engine Boiler 1: 8849 Boiler 2: Antwerp, 30 June 2011 Signed, Dante De Meyer Marine and cargo survyor Attachment: ABS survey status for owner Atlantic Galaxy Page 21 / 21