7SEAS SHIP MANAGEMENT

PTE LTD, SINGAPORE

LETTER OF INTENT Dear Mr Chris, We are pleased to confirm our interest in project for purchase of two 9000DWT chemical tankers. This is our letter of intent for the application of loan for purchase of ships. We are providing all document as requested. Yours For and on behalf of 7 Seas Ship Management Pte Ltd

Registered Office address: Union Building, 171 Tras Street, #10-179, Singapore 079025

Telephone:+65-67453515 , Fax: +65-68468009 E-mail:contact@7ssm.com Website: www.7ssm.com Co. Reg. No. 200908077G

7SEAS SHIP MANAGEMENT

PTE LTD, SINGAPORE

Registered Office address: Union Building, 171 Tras Street, #10-179, Singapore 079025

Telephone:+65-67453515 , Fax: +65-68468009 E-mail:contact@7ssm.com Website: www.7ssm.com Co. Reg. No. 200908077G